This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3129 & 3133 N EL PASO STREET 3129 N El Paso St

8 Unit Apartment Building $1,295,000 ($161,875/Unit) 6.03% Cap Rate Colorado Springs, CO 80907

Investment Highlights

  • TURN-KEY INVESTMENT
  • UNIQUE BLEND OF COMMERCIAL AND RESIDENTIAL SPACE IN THE LOCALE NEAR NORTH NEVADA REDEVLOPMENT CORRIDOR
  • CREATIVE OPPORTUNITY WITH ROOM FOR INCOME GROWTH

Executive Summary

Cushman & Wakefield is pleased to introduce 3129 & 3133 N El Paso Street, a versatile property offering a unique blend of commercial and residential spaces in the vibrant locale near the North Nevada Redevelopment Corridor & Downtown Colorado Springs. This listing encompasses three distinct components: a one-unit commercial building, a single-family home, and a multifamily property consisting of six units.
The added commercial space presents an exciting business opportunity for investors. With a prime location, the potential for high traffic and visibility enhances the appeal for business owners seeking a strategic business address. Complementing the commercial space, the single-family home and multifamily property, offering a harmonious blend of space and functionality, cater to a variety of needs for renters.
Situated just North of Downtown Colorado Springs, this property benefits from its proximity to key amenities, entertainment options, and cultural attractions. With its diverse offerings, strategic location, and potential for a range of uses, 3129 & 3133 N El Paso Street represents a highly compelling opportunity for those seeking to place capital in the heart of Colorado Springs and reap high returns.

Data Room Click Here to Access

Property Facts

Price $1,295,000
Price Per Unit $161,875
Sale Type Investment
Cap Rate 6.03%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Building Size 6,580 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1954/2022
Parking Ratio 2.13/1,000 SF

zoning

Zoning Code C5
C5
  • Listing ID: 32619233

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 3129 N El Paso St, Colorado Springs, CO 80907

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}