Capstone has closed the sale of Red Rocks Terrace at 3164 W Colorado Ave, Colorado Springs, a 16,350 square foot multifamily property for the sale price of $4,075,000. Sean Holamon of Capstone represented the Seller in the transaction.
The property boasts a diverse unit mix of 2 studios, 5 two-bedrooms and 16 one-bedroom units. Almost all units were renovated within the last 2 years and significant improvements were made to the exterior of the property.
Red Rocks Terrace is in a prime “live/work/play” location adjacent to Old Colorado City and Red Rock Canyon Open Space offers easy access to employment, entertainment, and recreation as well as downtown Colorado Springs, Garden of the Gods and Manitou Springs.
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.
