Capstone has closed the sale of 3495 S Carr St, a 18,600 SF multifamily property for the sale price of $4,950,000. Christian Burgdorf of Capstone represented the Seller and Sean Holamon of Capstone represented the Buyer.
The building was constructed in December of 2020 and the property has twelve total units, all of which are 3 bed | 2.5 bath. Each unit features high end finishes including stainless steel appliances, in unit washer & dryer and a covered garage space.
3495 S Carr St is conveniently located at the corner of S Carr & W Hampden Blvd in a quiet neighborhood that is just a short drive from several parks, restaurants, and retail locations. The building is just blocks from US 285 allowing for easy access to the mountains and access to I-25.
The buyer successfully completed a 1031 exchange and plans to raise rents to market rate and enjoy the immediate cashflow.
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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.
