Capstone has closed the sale of 3733 Decatur Street, a 7-unit multifamily property for the sale price of $1,300,000. Christian Burgdorf of Capstone brokered the transaction.
3733 Decatur Street has a mix of one and two bedroom units which have seen major improvements over the years. The units have new LVP flooring, updated kitchens with stainless steel appliances and double paned windows. Located in Denver’s highly sought after Highland’s neighborhood, tenants can walk to several restaurants, bar and entertainment options in the area.
With three vacant units and several month-to-month leases at the time of the sale, the buyer plans to raise all units to market rent and add in a utility bill back system. Additionally, the buyer will clean up the landscaping and add in a patio area for the tenants.
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
