Eagleview Apartments sell for $8.75M at near record price

The Eagleview Apartments sold for $8.75 million to a buyer making its first acquisition in Colorado Springs – and at a near record price. The unnamed investor paid $134,615 per unit – the second-highest price per unit paid in Colorado Springs for a property built prior to 1980. The 65-unit property at 1803 Prairie Road was built in 1968 and was substantially renovated in 2017 by seller Skyline Real Estate Investment out of Denver. SREI acquired the community in September 2016 for $5.1 million and renovated and repositioned the property, including renovating approximately 70 percent of units with modern appliances, flooring and fixtures.