3428 W Colorado Ave - Apartments FOR SALE


Colorado Springs, CO 80904- West Colorado Springs
$1,795,000 USD
417-459-2155
3428 W Colorado Ave, Colorado Springs, CO for Sale
$1,795,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

3428 W Colorado Ave
Colorado Springs, CO 80904
West Colorado Springs


HIGHLIGHTS

  • Private Studio Apartments Separate, self-contained studio units that maximize tenant privacy and offer a low maintenance living arrangement.
  • Prime Location Excellent access to HWY 24 for commuter convenience and minutes from iconic attractions like Garden of the Gods, Manitou Springs & OCC.
  • High Demand Area Close proximity to popular restaurants, shops, and entertainment, ensuring a steady rental market and low vacancy rates.

OVERVIEW

Cushman & Wakefield is pleased to present the exceptional Sausalito Cottages, a well-maintained, private multi-family complex consisting of 12 units comprised of 10 cozy cottages and a duplex in the heart of Colorado Springs. Located just off HWY 24 & Colorado Avenue, this property offers both privacy and convenience, making it an attractive option for tenants seeking easy access to the mountains, local attractions, and all that Colorado Springs has to offer. Sausalito Cottages offers attractive rental rates with strong income potential, and there is ample opportunity to increase returns based on current market conditions. The property also presents room for growth, with possibilities for minor improvements or upgrades that could elevate the property’s value and attract higher-end tenants. Its prime location, with easy access to major transportation routes, further enhances its appeal to working professionals seeking commuter-friendly living options. Additionally, the layout of the complex lends itself well to professional management, simplifying operations for any future owner. With its unique features, prime location, and untapped potential for growth, Sausalito Cottages represents a rare and profitable investment opportunity in a thriving market that won’t last long.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

12

PRICE/UNIT

$149,583

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sausalito Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C5 HS

APN/PARCEL ID

74033-21-021

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.