Capstone has closed the sale of 109 N Harlan or The Woods Apartments, a 10-unit, 13,179 square foot multifamily property for the sale price of $2,550,000. Austin Smith of Capstone represented the Seller in the transaction.
This rare townhome style property was recently renovated and includes a new roof. Residents enjoy the spacious three-story units and access to off-street parking.
The Woods is conveniently located off the corner of W 1st Ave and N Harlan St. Property sits blocks away from Belmar, Lakewood’s best destination for shopping, dining and entertainment.
Seller is cashing out due to the strong multifamily market and Buyer will continue to operate the building efficiently and improve the property further for tenants.
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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.
