Property Overview

South Shore Value-Add

7526 S. Colfax was an off-market transaction located in South Shore.  The seller had owned the property for 3 years and collected strong cash flow during that time, but was interested in selling the asset to consolidate their portfolio. Interra brokers Ted Stratman & Jeremy Morton reached out to a few select buyers and were able to put the deal together on an off-market nature.  The buyer, a national owner and operator of apartment buildings, was attracted to the property as it presents a value-add component in upgrading the interior of the units, as well as the potential for adding an additional garden unit.  

Key Details

Transaction Date
Number of Units
Lot Size
14,880 SF
Building Size
22,000 SF
Year Built