Sale Transaction

36 Unit Multi-Family Asset Trades For $2.25 Million

By March 31, 2014 No Comments

36 Unit Multi-Family Asset Trades For $2.25 Million Commerce City, CO – NavPoint Real Estate Group is pleased to announce the sale of the 36 unit, 3 building “Poplar Arms” Multi-Family property located at 5875 Poplar Street in Commerce City for $2,025,000. This Property is conveniently located less than 3 miles to the Shops at Northfield Stapleton, and is in walking distance to Dick’s Sporting Goods Park. The asset underwent extensive renovations during the last 5 years, The 36 Unit project is comprised of 34 one bedroom units, and 2 studio units that were100% leased at the time of sale. This investment property successfully closed on March 31st. The seller was Poplar Arms, LLC. The Purchaser was Darrell E. Wagner and Vicki M. Wagner. Matt Call of NavPoint Real Estate Group represented the seller in the transaction.