Sapphire Apartments 221-225 E Brookside St 22 Unit Apartment Building $2,310,000 ($105,000/Unit) Colorado Springs, CO 80905

Cushman & Wakefield is pleased to present The Sapphire Apartments, an exceptional multifamily opportunity comprised of 22 units located in the southern submarket of Colorado Springs. The property offers a range of desirable living options, including four studios, 13 one-bedrooms, 4 two-bedrooms, and 1 three-bedroom floor plan.
Tenants also have access to onsite laundry, ample off-street parking, and a prime location with short walking distances to the Ivywild & South Nevada Urban Renewal Area. The property’s proximity near Interstate 25 & Downtown Colorado Springs provides easy access to major transportation and nearby amenities, including Bristol Brewery and Ivywild School. Upscale dining such as Prime 25, retail shops like Lululemon, Veda Spa, and three major grocery stores including the newly constructed Sprouts Farmers Market, Natural Grocers, and Safeway are within walking distance.
The Sapphire Apartments are perfectly positioned to capitalize on the growth and development in Colorado Springs. The city’s strong job market, expanding economy, and increasing population make it an attractive destination for renters and investors alike. The Sapphire Apartments represent a compelling investment opportunity for potential buyers. With its strong rental demand, unique unit mix, and location in the South Nevada Urban Renewal Area, the property has an attractive value add story with loss to lease recapture and future cash flow potential for prospective investors.