Investor David Reza paid $917,00 for the 16-unit Monet Terrace at 5816-5826 S. Bannock St., in this city southwest of Denver. Kevin P. Higgins of Marcus & Millichap represented both Reza and the seller, Justus II.
According to public records viewed by GlobeSt.com, Justus II paid $395,00 for the property in 1995, giving it a 132% return. The property is valued by the county at $680,000, according to the records, so the sales price represents a 34.85% increase above that.
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