Apartment Buildings /CO /El Paso County /Colorado Springs /3635 Michigan Ave
Apartment Buildings /CO /El Paso County /Colorado Springs /3635 Michigan Ave

3635 Michigan Ave - Apartments FOR SALE


Colorado Springs, CO 80910- Park Hill | 
$2,150,000 USD
303-909-2900
3635 Michigan Ave, Colorado Springs, CO for Sale
$2,150,000 USD
Apartments - FOR SALE
1/25
null | 6.15% Cap Rate
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3635 Michigan Ave
Colorado Springs, CO 80910
Park Hill

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HIGHLIGHTS

  • Great unit mix, large two bedroom units
  • 9 separately locked off 1 car garages
  • all units have been updated
  • all new windows, new exterior paint, new common area carpet

OVERVIEW

Value- add deal through significant loss to lease on legacy tenants. Great unit mix with 12 large 2 bedroom units. All units have been updated in the last 5 years. All 46 windows have been recently replaced. Large laundry room and a few small storage spaces.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

14

PRICE/UNIT

$153,571

CAP RATE

6.15%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Michigan Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-5

APN/PARCEL ID

64154-12-020

ASK ABOUT THIS PROPERTY

Nik MacCarterMODUS Real EstateMore Info
303-909-2900

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Nik MacCarterMODUS Real EstateMore Info
303-909-2900

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

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