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24 Unit Turnkey Building Sells for $2,050,000

Posted by Unique News Team on February 27, 2019
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Zach Hansen of Unique Apartment Group Represented the Buyer

312-w-alabama-sold-web

Fountain, CO (February 25, 2019) – Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of Fountain Pointe Apartments, a 24-unit multifamily asset, located at 312 West Alabama Avenue in Fountain, CO. The Property sold for $2,050,000 or $85,417 per unit and closed on February 25, 2019.

312 West Alabama Avenue is a 17,900-square foot property constructed in 1968. The Property consists of a unit mix of 6 studios, 12 one bedroom units and 6 two bedroom, 1.5 bath units. Well located near Fountain Urban Renewal Projects, the Property is blocks from the intersection of S Santa Fe Avenue & Interstate 25.

Fountain Pointe Highlights:

  • Every unit remodeled within the last 2 years.
  • Turnkey property well located near Fountain Urban Renewal Projects.
  • $85,417 per Unit.
  • 7.1% Actual Cap Rate.

To schedule an interview with an adviser regarding this transaction or for more information about Greystone Unique Apartment Group, please contact:
Zach Hansen (303) 645.4787 | zhansen@uniqueprop.com

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