REBusinessOnline

Capstone Brokers $4.1M Sale of Apartment Building in Colorado Springs

Red-Rocks-Terrace-Colorado-Springs-CO

Red Rocks Terrace in Colorado Springs, Colo., features 23 apartments in a mix of studio, one- and two-bedroom layouts.

COLORADO SPRINGS, COLO. — Capstone has arranged the sale of Red Rocks Terrace, a multifamily property located at 3164 W. Colorado Ave. in Colorado Springs. The building traded hands for $4.1 million. The names of the seller and buyer were not released.

The 16,350-square-foot property features two studio units, five two-bedroom units and 16 one-bedroom units. Almost all units were renovated within the last two years and significant improvements were made to the exterior of the property.

Sean Holamon of Capstone represented the seller in the transaction.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Conferences


Subscribe to the newsletter

Read the Digital Editions

Midwest Multfiamily & Affordable Housing Business

Western Multfiamily & Affordable Housing Business

Texas Multfiamily & Affordable Housing Business

Southeast Multfiamily & Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews