NorthPeak Commercial Advisors

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1301 E 33rd Ave., Denver, CO 80205. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the seller while Robert Lawson of Pinnacle worked with the buyer in this transaction. “The seller has owned this property since 2009 and sought to reallocate his equity into a more passive investment,” stated Calame. “We listed the property and successfully secured an excellent sales price for him and will assist in transferring those funds into a property that offers a higher return with less active management.” For more information on this investment or current market conditions, please contact Kevin Calame at (303) 263-6260 or Kevin@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dr5U5Wft SALE HIGHLIGHTS 🏠 Address: 1301 E 33rd Ave., Denver, CO 80205 💰 Sale Price: $3,575,000 📅 Close Date: August 21, 2024 🏢 Total Units: 15 ($238,333/Unit) 📐 Property Size: 10,740 SF ($333/SF) 📈 Cap Rate: 4.9% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1270 N Logan St., Denver, CO 80203. Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer in this transaction. "I'm excited for my client who is buying this property to add to his existing portfolio in central Denver," stated Sherman. "He plans to stabilize this deal by renovating the units, improving the quality of life for the tenants, and raising rents to market. At $175k/unit for this location, I think he is going to do well in the immediate and long term." READ PRESS RELEASE: https://lnkd.in/gcin6Pby SALE HIGHLIGHTS 🏠 Address: 1270 N Logan St., Denver, CO 80203 💰 Sale Price: $1,400,000 📅 Close Date: August 21, 2024 📐 Property Size: 5,110 SF ($274/SF) 🏢 Units: 8 ($175,000/Unit) 📈 Cap Rate: 5.7% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1632 Franklin St., Denver, CO 80218. Austin Bengford, Greg Johnson, and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction. “In what has been a challenging market, we successfully secured this off-market deal for our seller, achieving top-of-market pricing on a per unit basis,” stated Bengford. “This also marks our second Central Denver multifamily transaction with this buyer group in the last four months. Leveraging our deep connections and relationships within the neighborhood, we were able to identify the ideal asset for their exchange.”  For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dqPiKKqv SALE HIGHLIGHTS 🏠 Address: 1632 Franklin St., Denver, CO 80218 💰 Sale Price: $1,350,000 📅 Close Date: August 17, 2024 🏢 Total Units: 5 ($270,000/Unit) 📐 Property Size: 4,382 SF ($308/SF) 📈 Cap Rate: 5.5% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

PRICE REDUCED! 1136 N Washington St. is a charming central Denver triplex located in the heart of Capitol Hill. It’s classic vintage appeal blends nicely with the turnkey renovations to offer a truly well rounded opportunity. This property is the perfect fit for both buyers looking to live in a unit while generating income as well as investors looking to expand their portfolio in an irreplaceable location. There is a diverse unit mix with (1) studio, (1) 1bed/1bath, and (1) 2bed/1bath. Currently the studio and 1bed/1bath are occupied and the 2bed/1bath unit just became vacant and ready to move in or rent out at market rate. All units are above grade with no garden level or basement units. There is a 2 car garage and laundry on-site for tenants to use. Recent updates over the last 3 years include a new: roof, windows, 75 gal hot water heater, skylights, laundry machines, xeriscape landscaping, and more. All units are separately metered for electric giving the buyer the opportunity to have tenants pay electric directly. VIEW PROPERTY: https://lnkd.in/dNSsncJJ PROPERTY HIGHLIGHTS 🏠 Address: 1136 N Washington St., Denver, CO 80203 💰 List Price: $940,000 📐 Property Size: 2,346 SF 🏢 Total Units: 3 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

PRICE REDUCED! 3801 S Lincoln is a fully renovated triplex located in the highly desirable Englewood submarket. The building boasts premium units with oversized floorplans, high-end interior finishes, and in-unit laundry. Two garages near the courtyard offer easy opportunity for additional income. This deal is tucked away in a quiet residential pocket walkable to shopping and dining on South Broadway. Tenants also enjoy easy access to Swedish Medical Center, Highway 285, and Santa Fe. For the right investor, this is a rare opportunity to buy a clean deal with immediate rental upside in a great location. PROPERTY HIGHLIGHTS 🏠 Address: 3801 S Lincoln St., Englewood, CO 80113 💰 List Price: $999,000 📐 Property Size: 3,524 SF 🏢 Total Units: 3 🏠 Property Type: Multifamily VIEW PROPERTY: https://lnkd.in/gicS5jFa #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing #englewood

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1820-1832 W Mississippi Ave., Denver, CO 80223. Zach Hansen of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. “The property went under contract after being on the market for only a week,” stated Hansen. “The Buyer was familiar with the area and is looking to increase rents and hold the property long term.” For more information on this investment or current market conditions, please contact Zach Hansen at 303-880-7442 or Zach@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/g9-5hbTy SALE HIGHLIGHTS 🏠 Address: 1820-1832 W Mississippi Ave., Denver, CO 80223 💰 Sale Price: $1,090,000 📅 Close Date: July 29, 2024 🏢 Total Units: 7 ($155,714/Unit) 📐 Property Size: 4,850 SF ($225/SF) 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

JUST LISTED! 2045 S Josephine St. is a classic 1950’s Denver property located in the highly desirable and prestigious neighborhood of DU. The location doesn’t get better being just 1 block off DU campus, and close to popular restaurants, retail, and bars. The property consists of 4 units with a favorable unit mix for the location of (2) 1bed/1bath, (1) 2bed/1bath, and (1) 3bed/1.5bath units. There is onsite laundry and private patios for tenants to enjoy. Units are separately metered for gas and electric with individual furnaces and hot water heaters. Additionally, the units are in a side-by-side layout which is not only preferred by tenants but also creates the opportunity to convert these units to condos and sell individually. VIEW PROPERTY: https://lnkd.in/eBmvBePj PROPERTY HIGHLIGHTS 🏠 Address: 2045 S Josephine St., Denver, CO 80210 💰 List Price: $1,275,000 📐 Property Size: 2,917 SF 🏢 Total Units: 4 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1638 N Franklin St., Denver, CO 80218. Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the seller while Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer in this transaction. "We got this deal done by leveraging in-house connections at NorthPeak after fully testing the open market," stated Sherman. "I was happy we were able to help my seller move on to the next chapter in her investment cycle. I think patience was key in allowing us to get this done in today's challenging market. We were able to achieve a top of market price per pound by simultaneously offering top of market returns for the buyer." For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dbFipnUj SALE HIGHLIGHTS 🏠 Address: 1638 N Franklin St., Denver, CO 80218 💰 Sale Price: $1,495,000 📅 Close Date: July 22, 2024 🏢 Total Units: 6 ($249,167/Unit) 📐 Property Size: 4,264 SF ($351/SF) 📈 Cap Rate: 6.28% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 6580 W 38th Ave., Wheat Ridge, CO 80033. Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "This was a unique deal that included 13 apartments, 1 house, 2 garages, and nearly 50,000 SF of dirt with mixed use zoning," stated Schaefer. "The Buyer is a local group excited to improve operations and capitalize on the future development potential. This was an example of how challenging today's market is. To get this deal closed it took a full 6 month listing period, 16 tours, and 6 offers. Our team at NorthPeak rolled up our sleeves and was happy to internally source a qualified buyer that was able to perform on a smooth closing." For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dRPZYg3j SALE HIGHLIGHTS 🏠 Address: 6580 W 38th Ave., Wheat Ridge, CO 80033 💰 Sale Price: $2,785,000 📅 Closed Date: July 19, 2024 🏢 Total Units: 14 ($198,928/Unit) 📐 Property Size: 9,035 SF ($308/SF) 📈 Cap Rate: 6.1% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #wheatridge

JUST LISTED! The Gingerbread House is 4-unit income property located at the intersection of two of Denver’s most iconic and coveted neighborhoods: West Wash Park and SoBo. The attractive unit mix consists of two 1-bedroom, one 2-bedroom, and a studio apartment. Each apartment has its own private entrance, reserved parking space and access to the attractive courtyard. The entire property has been meticulously cared for, inside and out, enhancing the appeal of this 1890s treasure. The strong rental income of the property reflects all the property has to offer. Each unit is defined by its own combination of comfort, character and charm. Ornate woodworking and antique fireplaces are blended with modern kitchen and bathroom finishes to deliver attractive and desirable homes for the residents. New plumbing lines and the new boiler (2021) have added to the low-maintenance nature of the property. This 4-unit property presents a wonderful opportunity for an owner/occupant or traditional investor. The property is adjacent to (but not controlled by) the Lincoln Street Historic District, a beautiful row of architecturally rich homes. The SoBo entertainment district a block away offers a diverse array of dining, funky boutique shops and nightlife. Commuters enjoy easy access to downtown, Cherry Creek and the Denver Tech Center. Light rail is a short 9-minute walk to the Alameda Station. The attractiveness and convenience of the neighborhood combine to make this an “A-Location” address with a Walk Score of 97. VIEW PROPERTY: https://lnkd.in/g6R_J4XE PROPERTY HIGHLIGHTS 🏠 Address: 208 S Lincoln St., Denver, CO 80209 💰 List Price: $1,195,000 📐 Property Size: 3,400 SF 🏢 Total Units: 4 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing