719-648-0423
2001-2019 Carmel Dr, Colorado Springs, CO for Sale
Apartments - FOR SALE
1/26
null | 6% Cap Rate

2001-2019 Carmel Dr
Colorado Springs, CO 80910
SE Colorado Springs


HIGHLIGHTS

  • 87 unit community near military installations, retail centers and the Colorado Springs Airport
  • The property boasts new exterior paint, parking lot, windows, and boiler system
  • 80% of the interiors have been upgraded and are primed for future rent growth and repositioning
  • Under market rents, with the ability to strategically renovate unit interiors and command market rate values

OVERVIEW

Cushman & Wakefield is excited to introduce the exclusive listing of Marmont Springs Apartments, a lucrative investment opportunity located in the vibrant city of Colorado Springs. This multifamily asset, comprised of 87 units, is ideally situated in the southeast submarket of Colorado Springs. Its prime location, in close proximity to military installations, retail centers, Colorado Springs Airport and major transportation routes, provides a strong foundation for attracting and retaining tenants. The property’s value-add potential, with 80% of the units already renovated, offers an opportunity to capture additional upside and maximize rental income. Current ownership has also improved major Capital Expenditures on this property, which include new windows, new parking lot, boiler systems, common area hallways with updated lighting and LVP flooring, as well as new signage/branding and exterior paint. The Marmont Springs Apartments are teed up to capitalize on the thousands of new job announcements in the direct area and future growth on the east side of Colorado Springs.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

87

CAP RATE

6%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marmont Springs Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-5, Colorado Sprgs

APN/PARCEL ID

64273-07-015

ASK ABOUT THIS PROPERTY

Patrick KnowltonCushman & WakefieldMore Info
719-648-0423

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Patrick KnowltonCushman & WakefieldMore Info
719-648-0423

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