108 Unit Apartment Complex
Colorado Springs, CO
Acquired May of 2012 for $3,950,000
Sold July 2018 for over $13,000,000
The property needed immediate repairs due to neglected drainage. In addition to repairs we made improvements to the landscaping, parking lot, and office. Over the term we held the property we added a dramatic front entry sign, courtyard, BBQ, picnic tables, and pool fencing. We installed windows with new dual pane energy efficient windows. We refinanced the property to return 85% of investors original investments, while maintaining significant positive cash flow.