1512-1518 S Corona Ave - Apartments FOR SALE


Colorado Springs, CO 80905- Stratton Meadows
$2,350,000 USD
303-512-1167
1512-1518 S Corona Ave, Colorado Springs, CO for Sale
$2,350,000 USD
Apartments - FOR SALE
1/20
null | 6.71% Cap Rate

1512-1518 S Corona Ave
Colorado Springs, CO 80905
Stratton Meadows


OVERVIEW

1512-1518 S Corona Ave, Colorado Springs is a 14-unit apartment building, comprised of 14 one-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades with new windows, a refreshed painted exterior, new roofs and a perimeter fence. This property also comes equipped with a wireless security camera system, brand new washer and dryer units and high-speed internet. With its prime location 1512-1518 S Corona Ave presents a turnkey investment opportunity with immediate cashflow. This property offers a 6.71% cap rate and 5.24% cash on cash return. The seller is willing to offer creative financing, please call broker for details!

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

14

PRICE/UNIT

$167,857

CAP RATE

6.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

C5

APN/PARCEL ID

64194-14-008,64194-14-009

ASK ABOUT THIS PROPERTY

William McCauleyUnique Properties, Inc.More Info
303-512-1167

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

William McCauleyUnique Properties, Inc.More Info
303-512-1167

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.