Capstone has closed the sale of Leisure Apartments, a 13,670 SF multifamily property located at 2916-2926 W Bijou St , for the sale price of $4,900,000 or $175,000 per unit price. Jeff Dimmen & Pat Knowlton of Capstone represented the Seller and Lee Wagner of Capstone represented the Buyer.
The Leisure Apartments consists of 28 one bed/one bath units. The property has plenty of room for rent growth and low utilities expense being individually metered. All buildings offer single story entrances with onsite washer and dryer facilities and extra storage units. All buildings are being delivered with new roofs as of February 2022.
Leisure Apartments is conveniently located off of the corner of Bijou Street and N 30th Street. The property is in the desirable West side and located blocks from Old Colorado City, minutes from Manitou Springs and Garden of the Gods.Â
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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.
