Capstone has closed the sale of 5370 & 5396 West 3rd Place, 10,508 sq ft & 12,454 sq ft multifamily properties for the combined sale price of $2,425,000. Nik MacCarter of Capstone represented the Seller in this transaction.
The two properties consist of twelve two bed/one bath units with ample off-street parking available. Each unit has separate furnaces and hot water heaters along with washer and dryer hookups. These apartments have great opportunity to raise rents and increase cashflow. The buyer plans on doing some modest renovations to push rents to market rates.
5370 & 5396 West 3rd Place is conveniently located near 6th Ave, allowing easy access to downtown and the front Range.
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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.
