Capstone has closed the sale of 21 & 33 University Drive, two separate 4-unit multifamily properties for the combined sale price of $940,000. Jeff Dimmen of Capstone represented the Seller and Lee Wagner of Capstone represented the Buyer on this transaction.
Both 3,111 square foot properties consist of three 2 bed, 1 bath units and one 1 bed, 1 bath units. The properties also have extra storage units for tenants and ample off-street parking.
21 & 33 University Drive are conveniently located directly off University Drive, between Pikes Peak Avenue and Airport Road. University Drive is located 10 minutes from both Downtown Colorado Springs and the Airport redevelopment.
The properties were each delivered with one vacant unit. The buyer plans to renovate units, improve the property, and enjoy a steady cash flow.
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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.
