3129 N El Paso St - Apartments FOR SALE


Colorado Springs, CO 80907- Venetian Village
$1,295,000 USD
417-459-2155
3129 N El Paso St, Colorado Springs, CO for Sale
$1,295,000 USD
Apartments - FOR SALE
1/37
null | 6.03% Cap Rate

3129 N El Paso St
Colorado Springs, CO 80907
Venetian Village


HIGHLIGHTS

  • TURN-KEY INVESTMENT
  • CREATIVE OPPORTUNITY WITH ROOM FOR INCOME GROWTH
  • UNIQUE BLEND OF COMMERCIAL AND RESIDENTIAL SPACE IN THE LOCALE NEAR NORTH NEVADA REDEVLOPMENT CORRIDOR

OVERVIEW

Cushman & Wakefield is pleased to introduce 3129 & 3133 N El Paso Street, a versatile property offering a unique blend of commercial and residential spaces in the vibrant locale near the North Nevada Redevelopment Corridor & Downtown Colorado Springs. This listing encompasses three distinct components: a one-unit commercial building, a single-family home, and a multifamily property consisting of six units. The added commercial space presents an exciting business opportunity for investors. With a prime location, the potential for high traffic and visibility enhances the appeal for business owners seeking a strategic business address. Complementing the commercial space, the single-family home and multifamily property, offering a harmonious blend of space and functionality, cater to a variety of needs for renters. Situated just North of Downtown Colorado Springs, this property benefits from its proximity to key amenities, entertainment options, and cultural attractions. With its diverse offerings, strategic location, and potential for a range of uses, 3129 & 3133 N El Paso Street represents a highly compelling opportunity for those seeking to place capital in the heart of Colorado Springs and reap high returns.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

8

PRICE/UNIT

$161,875

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3129 & 3133 N EL PASO STREET

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

14

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lee WagnerCushman & WakefieldMore Info
417-459-2155

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Lee WagnerCushman & WakefieldMore Info
417-459-2155

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