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Colorado Springs Multifamily Asset Sells for $1,320,000

Posted by Unique News Team on March 2, 2016
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Colorado Springs, CO (March 2, 2016) — Unique Apartment Group (UAG) recently brokered the sale of a 16-unit multifamily asset located at 2425 Verde Drive in Colorado Springs, Colorado. The Property sold for $1,320,000 or $82,500 per unit in this off market transaction on February 29, 2016.

2425 Verde Drive is comprised of four buildings with a unit mix of four (4) two-bedroom units averaging 1,000 square feet and twelve (12) three-bedroom units averaging 1,250 square feet. Located on the south side of Colorado Springs, the Property is situated between Valley Hi Golf Course and Highway 24. The undisclosed, local seller renovated all units and stabilized the Property prior to selling the Property. 2425 Verde Drive was 95% occupied at time of sale.

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