Just Sold: NorthPeak Brokers Sale of 28 Townhome Unit Deal in Leadville

Leadville, CO – January 20th, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 921 Mount, located in Leadville, CO.

Principals Joe Hornstein and Scott Fetter (NorthPeak Commercial Advisors) represented the buyers in this transaction.

We hear a lot about buyers seeking “value add deals” in this market. We also hear a lot of buyers on the hunt for “workforce housing” opportunities. This deal manages to include both “value add” and “workforce housing” and needless to say, we are excited to be closing this off-market sale with our Buyer.

There is no shortage of renters looking for housing in Leadville and this property presents a prime value add opportunity for a savvy operator. At roughly $121k/unit and $137/ft, our Buyer is getting an excellent basis on these 28 side by side, townhome style units on the edge of town. This property will be renovated to a new level to meet Leadville’s need for more and better housing for its community as well as those that commute from Leadville to work in Vail/Beaver Creek and Summit County.

For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or joe@northpeakcre.com.