Capstone has closed the sale of Parkmoor Flats, a 15,532 SF, 26-unit multifamily property for the sale price of $3,925,000. Patrick Knowlton of Capstone represented the Seller on this transaction.
Located at 1117-1125 E St Vrain St, this 1948 build offers great in place cash flow and an exceptional unit mix of one bed and two bed units. With potential to increase rents to market, this property already has access to the Boulder Park across the street and is within minutes to the heart of downtown Colorado Springs
Parkmoor Flats is conveniently located off N Hancock Street, between E Saint Vrain Street and E Boulder Street.
Please call or email today to find out how we are different than the average apartment advisors.
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.
