4995 Picturesque Cir - Apartments FOR SALE


Colorado Springs, CO 80917- Village Seven
$775,000 USD
719-238-9074
4995 Picturesque Cir, Colorado Springs, CO for Sale
$775,000 USD
Apartments - FOR SALE
1/20
null | 7.48% Cap Rate

4995 Picturesque Cir
Colorado Springs, CO 80917
Village Seven


OVERVIEW

Cushman & Wakefield is pleased to present 4995 Picturesque Circle, a 4-unit multifamily property in a high rental demand area near the Powers Blvd corridor in Colorado Springs. The property consists of (2) 2-bed/1-bath units and (2) 3-bed/1-bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, and well cared for by current owner. Potential buyers have the operational value add of getting all units up to market rent and continuing light improvements on the property as leases turn. This location provides residents access to major employers along the N Powers Blvd Corridor, schools, and North Academy Blvd. Its prime location, near shopping amenities, dining & entertainment, provides a solid foundation for attracting and retaining quality long-term tenants. Palmer Park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features, and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The current rent roll provides consistent and predictable in-place returns, allowing potential buyers an opportunity to acquire a high performing asset.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

7.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,100 SF

ZONING

R4, Colorado SPrings

APN/PARCEL ID

63253-09-010

ASK ABOUT THIS PROPERTY

Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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