Wyndam Place Senior Residence | 725 S Weber St
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
thank you
Your email has been sent!
Wyndam Place Senior Residence 725 S Weber St
120 Unit Apartment Building For Sale Colorado Springs, CO 80903
Investment Highlights
- Phase I: 72 units with attached underground garage
- Both phases located in QCT
- Phase II: 48 units
- 100% LIHTC
Executive Summary
Two phases adjacent to one another. Both properties were built with low-income housing tax credits and placed in service in 2004 (Phase I) and 2008 (Phase II). 40%, 50%, and 60% AMI LIHTC restrictions are in place at both phases.
The community is in an extremely sought-after area just minutes from the U.S. Olympic & Paralympic Training Center. Both phases are in a QCT and generally stay fully occupied with a waiting list. Current rents are below Max LIHTC and market rents. In conjunction with increasing rents and maximizing the value of tenant-based voucher revenue, there is significant upside available to potential investors.
The community is in an extremely sought-after area just minutes from the U.S. Olympic & Paralympic Training Center. Both phases are in a QCT and generally stay fully occupied with a waiting list. Current rents are below Max LIHTC and market rents. In conjunction with increasing rents and maximizing the value of tenant-based voucher revenue, there is significant upside available to potential investors.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 108,135 SF |
| No. Units | 120 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2004 |
| Apartment Style | Low Rise | Parking Ratio | 0.83/1,000 SF |
| Building Class | B | Cross Streets | Las Animas |
| Lot Size | 2.74 AC | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 2.74 AC |
| Building Size | 108,135 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2004 |
| Parking Ratio | 0.83/1,000 SF |
| Cross Streets | Las Animas |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Crown Molding
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 66 | $833.50 | 650 - 700 |
| 2+1 | 54 | $1,021 | 775 - 800 |
1 of 1
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 64191-05-027 | Improvements Assessment | $520,400 (2023) |
| Land Assessment | $15,530 (2023) | Total Assessment | $535,930 (2023) |
PROPERTY TAXES
Parcel Number
64191-05-027
Land Assessment
$15,530 (2023)
Improvements Assessment
$520,400 (2023)
Total Assessment
$535,930 (2023)
zoning
| Zoning Code | PUD UV |
| PUD UV |
-
Monica Danek -
Danny Walker -
Performance Real Estate Advisors
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Wyndam Place Senior Residence | 725 S Weber St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.