Colorado Springs, CO – February 8th, 2018. Olive Real Estate Group’s Multifamily team recently sold a 5-unit apartment located at 210 Pueblo Ave., Colorado Springs, CO 80903. The property Sold for $1,495,000, or $299,000 per door, a record high for commercial multifamily properties in Colorado Springs. The property closed on February 8th, 2019. The seller was represented by Stuart Sloat and Adam Rezner of Olive Real Estate Group, Inc., and Jenny Elliott of Elliott Properties.
The property consists of four 2-bedroom units with attached heated garages, and a single one-bedroom unit with a private yard. The property features spacious, open floorplans, custom kitchens, private balconies, and views of Pikes Peak and Downtown. Highway 24 provides quick access to I-25 and the mountains, and the property is surrounded by various restaurants, coffee shops, and craft breweries. The buyer was from out of state, and the property served as the downleg in a 1031 exchange.
For more information about this transaction please contact: Stuart Sloat at stuartsloat@olivereg.com or 719-491-2494, or Adam Rezner at arezner@olivereg.com or 719-301-9323.
About Olive Real Estate Group, Inc.
Olive Real Estate Group, Inc. is a recognized leader in the Southern Colorado commercial real estate marketplace. Serving clients as they expand, relocate, develop, and invest to reap business and financial gain in this area so ripe with opportunity. We know the Southern Colorado Commercial Real Estate market inside and out. We’ve experienced its highs and lows—successfully. We’ve been serving this market since 1976. Our Southern Colorado roots are deep and our experience is firsthand.
