2605 W Pikes Peak Ave - Apartments FOR SALE


Colorado Springs, CO 80904- Old Colorado City
$1,850,000 USD
719-238-9074
2605 W Pikes Peak Ave, Colorado Springs, CO for Sale
$1,850,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2605 W Pikes Peak Ave
Colorado Springs, CO 80904
Old Colorado City


OVERVIEW

The 2004 constructed attached duplexes offer a unique unit mix of two Spanish Villa style 1800 sq. ft. 3 bed/2.5 bath units with attached 400 sq. ft. garages and two 600 sq. ft. Studio flats, with walk outs to the Historic main strip of Old Colorado City. The main floor units have walk out patios overlooking Colorado Blvd and boast breathtaking views of Pikes Peak. Currently three of the units are on long term leases and one 3 bed/2.5 bath unit is being used as a short-term rental, offering investors the opportunity to run the property as they see fit. Premium finishes, stainless-steel appliances, washer/dryers, fireplaces and private patios/decks, make this turnkey investment an opportunity for a wide range of potential buyers. The property is located right along the highly sought after main strip of Old Colorado City on the west side of Colorado Springs. The property has excellent walk-ability to nearby outdoor recreation, dining & retail centers, giving a strong foundation for attracting and retaining quality long-term tenants and consistent flow of short-term renters alike. Colorado Springs and other major attractions such as Garden of the Gods, Manitou Springs, and Weidner Field are all a short distance from this location. Whether a potential buyer is looking for a short term rental, long term investment, or owner occupancy, this opportunity provides a well maintained and located property to make your own.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,136 SF

ZONING

R5

APN/PARCEL ID

74112-26-069

ASK ABOUT THIS PROPERTY

Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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