3006 N Institute St - Apartments FOR SALE


Colorado Springs, CO 80907- Venetian Village
$950,000 USD
719-648-0423
3006 N Institute St, Colorado Springs, CO for Sale
$950,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

3006 N Institute St
Colorado Springs, CO 80907
Venetian Village


HIGHLIGHTS

  • Private Fenced-In Backyards
  • In-Unit Washer & Dryers
  • Covered Parking (Carports)

OVERVIEW

Cushman & Wakefield is excited to present the Institute Apartments, a prime 6-unit investment opportunity located in the highly sought-after Colorado Springs market. This property consists of three duplexes, and all units are 2-bedroom, 1-bathroom units with 576 square feet of living space. With a blend of immediate income generation and substantial upside potential, this property offers an exceptional opportunity for both seasoned and new investors. Institute Apartments are strategically located in a high-demand area of Colorado Springs, ensuring consistent tenant demand and strong rental performance. The property is fully leased, providing immediate cash flow from day one. Each unit features its own enclosed outdoor space, a highly desirable amenity for tenants seeking privacy and recreation. With potential for strategic improvements, investors can realize significant rental upside, increase property value, and drive long-term returns. Colorado Springs is a rapidly growing market, with strong demand for quality rental housing. This well-maintained property offers a rare combination of immediate cash flow and long-term value creation. Whether you’re seeking a solid addition to your portfolio or looking to capitalize on the potential for increased returns through improvements, the Institute Apartments presents a highly attractive investment opportunity.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R5

APN/PARCEL ID

63322-26-019

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.