Colorado Springs Multi-Family Portfolio
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Colorado Springs Multi-Family Portfolio
5 Properties Offered at $3,095,000 in Multiple Locations
Investment Highlights
- Heavy foot traffic
- Renovated units
- Near Hospitals
- Lots of natural light
- Downtown Colorado Springs
- Near Colleges
Executive Summary
Prime investment opportunity in Colorado Springs. All units have been fully renovated to hit top of the market rents, bringing in a total of $248k annually! Dwellings have updated roofs, mechanicals, full cosmetic upgrades, new appliances, and more! With all units being updated in the last 24 months enjoy little to no deferred maintenance and 100% occupancy! The prime portfolio features two duplexes and three triplexes, for a total of 13 units! Two of the triplexes are zoned mixed use for even more creativity!
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$248,388
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$248,388
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $248,388 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $248,388 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $3,095,000 | Status | Active |
| Price / SF | $592.80 / SF | Number of Properties | 4 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 7.98% | Total Building Size | 5,221 SF |
| Sale Type | Investment | Total Land Area | 0.36 AC |
| Price | $3,095,000 |
| Price / SF | $592.80 / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 7.98% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 5,221 SF |
| Total Land Area | 0.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 518 Iowa Ave, Colorado Springs, CO 80909 | Multifamily | 2,000 SF | 1929 | - |
| 21 Swope Ave, Colorado Springs, CO 80909 | Specialty | 1,641 SF | 1947 | - |
| 2430 E Monument St, Colorado Springs, CO 80909 | Multifamily | 880 SF | 1944 | - |
| Multifamily | 2,000 SF | 1909 | - | |
| 823 E Moreno Ave, Colorado Springs, CO 80903 | Multifamily | 700 SF | 1910 | - |
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Blissful Homes LLC
Colorado Springs Multi-Family Portfolio
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