Arvada, CO -- (SBWIRE) -- 05/20/2019 -- The multifamily market remains strong in Denver. Class A newer construction commands cap rates in the low 5's while older Class B and C buildings exchange hands from the high-5% to low-6% cap rates. Quality newer units in Denver consistently enjoy very strong rental demand and low vacancy rates. A younger demographic that seemingly gives less priority to home ownership has flooded into the Denver market since 2014. These younger renters are slowly becoming entry-level buyers which continues to fuel demand and prices for condominiums in the Denver metro area and surrounding suburbs.

Depending on the location and condition of individual units, condo conversion may be a viable option to increase overall return of your multifamily building. Finding a broker with condo conversion experience is a wise first step but can prove challenging. Charlie Kartchner, Commercial Listing Broker with Remax Commercial Multifamily Group, completed his first condominium conversion project in 2006 from start to finish as principal. He recommends sitting down to review a detailed property value analysis of your multifamily building which will include a market value comparison to competitive condominium units in the immediate vicinity with similar features and amenities. Don't leave profits on the table. Maximize your property's value by elevating it from the competition.

About Remax Commercial Multifamily Group
Remax Commercial Multifamily Group specializes in the acquisition, exchange and sale of residential income properties in Colorado. Our clients come first in every aspect of our business. Remax Commercial is a global team of experienced professionals available to assist you with all of your commercial real estate needs. Give Charlie a call today to discuss your best options in more detail.

Media Contact
Remax Commercial Multifamily Group
Charlie Kartchner, Listing Broker
5440 Ward Rd, Arvada, CO 80002
Office (720) 434-6637
http://multifamilydenver.com