Colorado Springs, CO – 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.
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.
