417-459-2155
316 E Brookside, Colorado Springs, CO for Sale
Apartments - FOR SALE
1/41
null | 6.41% Cap Rate

316 E Brookside
Colorado Springs, CO 80905
Stratton Meadows


HIGHLIGHTS

  • 3.93% Assumable Loan Fixed Through 03/01/2031
  • Loan Balance is $1,824,482 (56% LTV)
  • Recent Capital Improvements with Unit Renovations
  • Ten 2 Bed/1 Bath Units, Seven 1 Bed/1 Bath Units
  • On-Site Coin-Op Laundry, Off-street Parking
  • 0.5 Miles to Colorado Creekwalk and Downtown Colorado Springs

OVERVIEW

Cushman & Wakefield is pleased to present The Brookside (Ivywild Flats) Apartments. This property stands as an established 17-unit apartment complex located in the heart of “Olympic City USA” Colorado Springs, Colorado. This well-maintained complex offers a favorable and desirable mix of upgraded 1-bedroom and 2-bedroom units, offering an attractive investment with predictable in-place returns. The property offers an Assumable Agency Loan fixed through 2031 with a 3.93% percent rate. Recent renovations ensure lowered maintenance expenses and increased tenant satisfaction, adding to its long-term profitability & stability. Residents also enjoy the onsite laundry, ample off-street parking, and prime location in the Ivywild & North Nevada Redevelopment corridor. The property’s proximity near Hwy 25 & Downtown Colorado Springs provides easy access to major transportation and nearby amenities, including upscale dining such as Prime 25, retail shops like Lululemon, Veda Spa, and two major grocery stores including the newly constructed Sprouts Farmers Market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

17

CAP RATE

6.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brookside(Ivywild) Apartments- Assumable Loan

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,983 SF

ZONING

C-5,Colorado Springs

APN/PARCEL ID

64194-12-025

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.