Greystone Unique Apartment Group is pleased to announce the sale of Sausalito Cottages, located at 3428 W Colorado Ave, a truly unique investment property in the highly desirable West Colorado Springs Neighborhood. The estate consists of two large (825 SF), upgraded studios and ten stand-alone (366 SF) cottages.
Sausalito Cottages sold for full price: $1,150,000, or $95,833 / Unit and $205.65 / SF. The Actual Cap Rate was 7.16%.
The buyer was looking for a stable, cash-flow investment and the agent, Zach Hansen, represented both parties as a transaction broker.
3428 W Colorado Ave Highlights:
- Great location in West Colorado Springs, 5 Minutes from Garden of the Gods, Manitou, Old Colorado City, 10 Minutes to Downtown
- Amazing Views of Pikes Peak and Directly Across from Red Rocks Open Space and Midland Trail
- Close to Grocery Stores, Coffee Shops and On Trend New Restaurants
- Updated Duplex Featuring Two Large Loft Style Units & Ten Stand-Alone Cottages
- Each Unit Features a Private Fenced Yard
