Capstone has closed the sale of 1411-1434 Anita Street, Pueblo CO, a multifamily portfolio consisting of 9 buildings totaling 24 units for the sale price of $3,200,000. Lee Wagner, Senior Advisor of Capstone represented both the Seller & the Buyer on this transaction.
This 24-unit portfolio consisted of 6 duplexes and 3 quadraplexes. The duplexes were built in 1994 and boast large 2 bedroom & 1-bathroom units. The quadraplexes were built in 1993 and all units consist of desirable1050 SF 3 bedroom & 2-bathroom units.
1411-1434 Anita Street is conveniently located at the intersection of Norwood Ave & Anita St. Easy access to HWY 50 and the soon-to-come newly built Pueblo East High School.
The buyers are excited to fulfill their 1031 exchange and scale into a larger portfolio. They plan to continue to improve the property through unit renovations and exterior property improvements. Creative financing for this value-add opportunity provided by Ari Schriger of WCM Commercial.
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.
