Capstone has closed the sale of 2119 Preuss Road, a four unit 3,573 sq ft multifamily property for the sale price of $649,000. Lee Wagner of Capstone represented the Seller in this transaction.
The property was built in 1969 and has eight parking spaces included on the property. All four units are spacious: two 2 bed/1 bath units at 825 sq ft, and two 3 bed/1 bath units at 900 sq ft. There is an immediate ability to increase rents, seeing that the property is in a growing and thriving part of the city.
2119 Preuss Road is conveniently located on a block between Boggs Place, Preuss Road, and Doniphan Drive. It is a five-minute drive from downtown Colorado Springs and walking distance to Prospect Lake and Memorial Park. Valley Hi Golf Course and Memorial Skatepark are also within two miles of the property. Many other Colorado Springs attractions such as Peterson Air Force Base, The Broadmoor, and Colorado College are a short drive away.
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