Capstone has closed the sale of 3070 W Colorado Avenue, a 4,382 SF, 7-unit multifamily property for the sale price of $1,020,000. Benton C. Adams and Sean Holamon of Capstone represented the Buyer.
This is the first time the property has traded hands in over 23 years. The asset is comprised of 6 one-bedroom units and 1 two-bedroom unit.
3070 W Colorado Avenue is conveniently located at West Colorado and South Federal.Â
The buyer plans to execute on renovations to the property and increase the rents to market for the area.
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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.
