Capstone Companies has closed the sale of 3014 Mallard Drive, a 3,360 SF, 4-unit multifamily property for the sale price of $545,000, a record price per door. Jeff Dimmen & Lee Wagner of Capstone represented the Seller on this transaction.
Built in 1969, this 4-unit consists of 1 one bed/one bath unit & 3 two bed/one bath units. This asset offers recently renovated units, low maintenance costs and room for rent growth. The property also had a great utility reimbursement structure, with tenants paying all utilities in arrears.
3014 Mallard Drive is conveniently located off Mallard Drive near Teal Court and Highway 24. The property is also within minutes to Downtown Colorado Springs and the Colorado Springs Airport.
About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
