Colorado Springs, CO (October 19, 2017) — 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 Rosewood Apartments, a 36-unit multifamily asset, located at 801 & 849 South Union Boulevard in Colorado Springs, CO. The Property sold for $2,772,000 or $77,000 per unit and closed on October 13, 2017.
Rosewood Apartments, constructed in 1972, consists of two (2) buildings each with eighteen (18) two-bedroom units. At the time of sale, the Property had two brand new roofs and about half the units were renovated. Rosewood Apartments neighbors Memorial Park and is minutes from Downtown Colorado Springs. The Buyer was attracted to the value add opportunity and prime location in one of Colorado’s highest demanded markets, Colorado Springs. The Buyer intends to renovate the Property and hold long term for future cash flow.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Zach Hansen at email@example.com or 303.645.4787.