Sausalito Cottages in Highly Desirable West Colorado Springs Sells for $1.15M

December 6, 2018

Denver, CO (Month, Day, 2018) – Greystone Unique Apartment Group is pleased to announce the sale of Sausalito Cottages, located at 3428 W Colorado Ave, a truly unique investment property in the highly desirable West Colorado Springs Neighborhood. The estate consists of two large (825 SF), upgraded studios and ten stand-alone (366 SF) cottages.

Sausalito Cottages sold for full price: $1,150,000, or $95,833 / Unit and $205.65 / SF. The Actual Cap Rate was 7.16%.

The buyer was looking for a stable, cash-flow investment and the agent, Zach Hansen, represented both parties as a transaction broker.

3428 W Colorado Ave Highlights:
• Great location in West Colorado Springs, 5 Minutes from Garden of the Gods, Manitou, Old Colorado City, 10 Minutes to Downtown
• Amazing Views of Pikes Peak and Directly Across from Red Rocks Open Space and Midland Trail
• Close to Grocery Stores, Coffee Shops and On Trend New Restaurants
• Updated Duplex Featuring Two Large Loft Style Units & Ten Stand-Alone Cottages
• Each Unit Features a Private Fenced Yard

For more information, please contact:
Zach Hansen (303) 645.4787 |

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