Colorado Springs, CO Nexus Commercial Realty, has closed on the sale of 1137 Valley Manor Ct., a duplex, for $125,000. Crystal Piercy of Nexus represented the buyer, Rental Investments 3390 LLC.
1137 Valley Manor Ct. is a two-bedroom two-bath duplex with 864 s/f. Each unit has their own driveway for parking.
1137 Valley Manor Court is conveniently located just off S Academy Blvd and Ronald Reagan Hwy, close to Pikes Peak Community College and Fort Carson Army Base. Just a short drive to the Broadmoor World Arena and just 12 minutes away from the beautiful downtown Colorado Springs area.
The buyers viewed this investment property as a good addition to their portfolio as they are looking to invest in more multifamily investment properties throughout Colorado this year.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,