Capstone has closed the sale of Vallejo Street Apartments, a 11,475 SF, 18-unit multifamily property for the sale price of $4,850,000. Brandon Kaufman and Nik McCarter of Capstone represented the Seller, Sean Holamon of Capstone represented the Buyer.
This clean eighteen-unit value add property is made up of one Studio and seventeen 2 bed / 1 bath units. This large corner lot location comes with a great parking ratio and an opportunity to condominumize.
Vallejo Street Apartments is conveniently located on Vallejo St and W 30th Ave. Tenants love the location with all the Highlands dining and entertainment attractions within walking distance. The Buyer plans on implementing a significant amount of capital into the building. With a majority of improvements being implemented on the interior with the goal of creating the best living conditions and community for the tenants that live there.
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.
