2605 W Pikes Peak Ave
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2605 W Pikes Peak Ave
4 Unit Apartment Building $1,850,000 ($462,500/Unit) Colorado Springs, CO 80904
Executive Summary
The 2004 constructed attached duplexes offer a unique unit mix of two Spanish Villa style 1800 sq. ft. 3 bed/2.5 bath units with attached 400 sq. ft. garages and two 600 sq. ft. Studio flats, with walk outs to the Historic main strip of Old Colorado City. The main floor units have walk out patios overlooking Colorado Blvd and boast breathtaking views of Pikes Peak. Currently three of the units are on long term leases and one 3 bed/2.5 bath unit is being used as a short-term rental, offering investors the opportunity to run the property as they see fit. Premium finishes, stainless-steel appliances, washer/dryers, fireplaces and private patios/decks, make this turnkey investment an opportunity for a wide range of potential buyers.
The property is located right along the highly sought after main strip of Old Colorado City on the west side of Colorado Springs. The
property has excellent walk-ability to nearby outdoor recreation, dining & retail centers, giving a strong foundation for attracting and
retaining quality long-term tenants and consistent flow of short-term renters alike. Colorado Springs and other major attractions such
as Garden of the Gods, Manitou Springs, and Weidner Field are all a short distance from this location. Whether a potential buyer is
looking for a short term rental, long term investment, or owner occupancy, this opportunity provides a well maintained and located
property to make your own.
The property is located right along the highly sought after main strip of Old Colorado City on the west side of Colorado Springs. The
property has excellent walk-ability to nearby outdoor recreation, dining & retail centers, giving a strong foundation for attracting and
retaining quality long-term tenants and consistent flow of short-term renters alike. Colorado Springs and other major attractions such
as Garden of the Gods, Manitou Springs, and Weidner Field are all a short distance from this location. Whether a potential buyer is
looking for a short term rental, long term investment, or owner occupancy, this opportunity provides a well maintained and located
property to make your own.
Data Room Click Here to Access
Property Facts
| Price | $1,850,000 | Apartment Style | Garden |
| Price Per Unit | $462,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 4 | Building Size | 6,254 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2004 |
| Price | $1,850,000 |
| Price Per Unit | $462,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 6,254 SF |
| No. Stories | 3 |
| Year Built | 2004 |
Site Amenities
- Controlled Access
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Walk Score ®
Walker's Paradise (92)
zoning
| Zoning Code | R5 (Residential Five) |
| R5 (Residential Five) |
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2605 W Pikes Peak Ave
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