Colorado Springs, CO (December 21st, 2018) – Colliers International Multifamily Advisory Group is pleased to announce the sale of the Eagleview Apartments located at 1803 Prairie Road, Colorado Springs, CO for $8,750,000 or $134,615/unit. The price resulted in the second highest price per unit in Colorado Springs for a property built prior to 1980. The buyer was a local investor represented by Brian Haggar with Marcus and Millichap. The seller, Denver based Skyline Real Estate Investment (SREI); was represented by brokers Craig Stack and Bill Morkes.

The property was acquired by SREI in September 2016 for $5,100,000 or $78,460/unit. The seller completed a successful renovation and repositioning of the property, by updating most of the apartment units and common areas with modern appliances, flooring and fixtures. The property featured 65-Units, a pool, playground, leasing office and workout facility.

Investors and Residents alike are attracted to the Eagleview Apartments due to its attractive location situated in north central Colorado Springs, providing easy access to downtown, the northern Colorado Springs business parks and nearby retail.

For additional information on this sale or our other listings please contact us.

 

Craig Stack
Senior Vice President | Multifamily Investments
Dir +1 720 833 4602 | Mob +1 303 931 2274
craig.stack@colliers.com

Bill Morkes
Vice President | Multifamily Investments
Dir +1 303 283 4583 | Mob +1 303 351 1371
bill.morkes@colliers.com