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3620-3626 W Colorado Ave
Colorado Springs, CO 80904 West Colorado Springs

$3,350,000 USD

Apartments For Sale  •  14,103 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,103 SF
  • Lot Size 0.58 AC
  • Building Class C
  • Year Built 1922
  • Cap Rate 6.83 %
  • Zoning C5 R5 HS
32 Transit Score
51 Walk Score

Highlights

Opportunity to purchase at 6.59% capitalization rate, based on the sellers T12 financial statement
Property can be operated as traditional apartment building (current use), short-term rental/hospitality use or combination of the two
Irreplaceable location just 1.5 miles to Garden of the Gods and Downtown Manitou Springs
Newer roof and significant updates completed by current ownership
Separate laundry facilities on premises

Property Flyers

Cap Rate: 6.83 %

Public Transportation

AirportDriveWalkDistance
City of Colorado Springs Municipal 27 min - 14.5 mi
Joe Hornstein 720-939-2943 NorthPeak Commercial Advisors
Joe Hornstein 720-939-2943 NorthPeak Commercial Advisors