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Multifamily Asset Sells for $1,025,000

Posted by Unique News Team on April 27, 2016
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Colorado Springs, CO (April 27, 2016) — Unique Apartment Group (UAG), multifamily brokerage division of Unique Properties, Inc., recently brokered the sale of a 16-unit multifamily asset located at 4231 Forrest Hill Place in Colorado Springs, Colorado. The Property sold for $1,025,000 or $64,062 per unit. UAG represented the buyer and the transaction closed on April 15, 2016.

4231 Forrest Hill Place is a multifamily property located near Garden of the Gods, Manitou Springs and Interstate 25, within close proximity to many restaurants, businesses, shops and more along West Garden of the Gods Road. The undisclosed, local buyer plans to do some light property improvements to both the interior and exterior. 4231 Forrest Hill Place was constructed in 1971, with walkup, brick exterior construction. The Property had been in the seller’s possession for decades and put the asset on the market to capitalize on the strong Colorado Springs market fundamentals.

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