Capitol Hill Multifamily Property Sells in All-Cash Transaction
CBRE has arranged the $1.145 million sale of 1159 Corona Street, a 3,724-square-foot multifamily property in Denver. Robert Bratley with the Denver office represented the buyer, a private local investor, who plans to fully renovate the building.
“Denver’s multifamily market remains strong, but cash is still king as evident by this all-cash transaction, which closed in 23 days. The seller was willing to take an offer below market to trade into another investment,” said Robert Bratley, first vice president, CBRE.
Located in the Capitol Hill neighborhood, 1159 Corona Street is a seven-unit property featuring hardwood floors, original interior staircase, vintage wood/stained glass built-ins in some units, and off-street parking.
The property is four blocks away from Cheesman Park, and a five-minute walk from King Soopers. Additionally a large natural grocer will be opening one of their locations with a taproom a couple of blocks away.
Photo courtesy of CBRE