Capstone has closed the sale of 1646 Routt Street, a 9-unit multifamily property in Lakewood for the sale price of $1,725,000. Austin Smith of Capstone brokered the transaction.
1646 Routt Street is located near the intersection of W Colfax and Simms St in West Lakewood. The King Soopers shopping center just one block to the east is a draw for tenants along with the clean and functional units.
The buyer plans to slowly renovate units as they become vacant over the coming few years to create an even better living experience for the tenants. They will also utilize third party property management to run the property in the most efficient way possible for the owner and the tenants alike.
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms.
Capstone simply put: Expertise. Experience. Extra-Mile.
