Capstone has closed the sale of 55 & 59 Corona St, an 847 square foot residential home and a 9,186 square foot multifamily property for the sale price of $3,090,000. Sean Holamon of Capstone represented the Buyer and Tim Shunta of National Realty Advisors represented the Seller.
59 Corona St is made up of eleven one bed/one bath units and one studio with upgraded kitchens and flooring. 55 Corona St is a two-bedroom home with plenty of parking for the entire property located in the back.
55 & 59 Corona St are in a prime Washington park location on Corona St and Speer Blvd, a block from N Downing St.
Buyer plans on continuing to make next level renovations and increase rents to market. The seller is leveraging a 1031 exchange into a newer multifamily product with more units out of state.
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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.
