Capstone has closed the sale of 1037 12th Street, a thirteen-bedroom student housing property for the sale price of $3,679,000. Benton Adams and Sean Holamon of Capstone represented the Seller and the Buyer in this off-market transaction, where the buyer was able to get strong financing terms by leveraging existing relationships.
The 4-unit property boasts large, updated units that combine to make 13 rental-able bedrooms in the highly sought-after Boulder Hill submarket. The asset has off street parking located in the rear as well as common areas for the tenant’s enjoyment.
1037 12th Street is conveniently located in the middle of 12th Street between College Avenue and Euclid Avenue. The property is situated less than a quarter of a mile from the University of Colorado Boulder main campus.
The buyer plans to execute on renovations to the units to achieve top of market rents and attract high caliber tenants.
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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.
