10-16 E Fountain Blvd | Colorado Springs, CO 80903
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10-16 E Fountain Blvd
Colorado Springs, CO 80903
Multifamily Property For Sale · 5 Units
Investment Highlights
- Desirable Downtown investment opportunity with easy walkability to entertainment, dining, and retail
- Front and rear entrances with a fenced in courtyard
- Freshly renovated units: new LVP flooring, fresh paint, updated lighting fixtures, tile tub surrounds, new blinds, new doors, etc
Executive Summary
Cushman & Wakefield is pleased to present 10-16 E FOUNTAIN BLVD, an exciting opportunity comprised of (5) units in downtown Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from predictable in-place returns as well as reap the reward of continuing to increase rents to market level. The property offers (4) one bed/one bath units and (1) 2 bed/one bath unit. The property benefits from its location on the south side of Downtown Colorado Springs, which is a highly sought-after submarket in Colorado Springs for owners and renters alike with massive developments currently underway and more to come.
The property’s location affords tenants quick access to major employers, roadways, and local transit with easy accessibility to Weidner Field, Ed Robson Arena, Olympic & Paralympic Museum and Trolly Block dining corridor. This property is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. Investors will enjoy the advantage of minimal maintenance required from this renovated apartment. 10-16 E FOUNTAIN BLVD offers investors the opportunity to own an asset in one of the most sought after and newly developed areas in Downtown Colorado Springs.
The property’s location affords tenants quick access to major employers, roadways, and local transit with easy accessibility to Weidner Field, Ed Robson Arena, Olympic & Paralympic Museum and Trolly Block dining corridor. This property is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. Investors will enjoy the advantage of minimal maintenance required from this renovated apartment. 10-16 E FOUNTAIN BLVD offers investors the opportunity to own an asset in one of the most sought after and newly developed areas in Downtown Colorado Springs.
PROPERTY FACTS
| Price Per Unit | $161,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,391 SF |
| Cap Rate | 6.23% | No. Stories | 1 |
| No. Units | 5 | Year Built/Renovated | 1900/2021 |
| Property Type | Multifamily | Parking Ratio | 2.52/1,000 SF |
| Property Subtype | Apartment | Cross Streets | S Tejon St |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price Per Unit | $161,000 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,391 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1900/2021 |
| Parking Ratio | 2.52/1,000 SF |
| Cross Streets | S Tejon St |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 450 |
| 2+1 | 1 | - | 591 |
PROPERTY TAXES
| Parcel Number | 64192-09-018 | Improvements Assessment | $19,840 |
| Land Assessment | $1,450 | Total Assessment | $21,290 |
PROPERTY TAXES
Parcel Number
64192-09-018
Land Assessment
$1,450
Improvements Assessment
$19,840
Total Assessment
$21,290
zoning
| Zoning Code | R2 |
| R2 |
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