904 Arcturus Dr - Apartments FOR SALE


Colorado Springs, CO 80905- West Colorado Springs
$5,800,000 USD
719-310-3651
904 Arcturus Dr, Colorado Springs, CO for Sale
$5,800,000 USD
Apartments - FOR SALE
1/82
null | Request Cap Rate

904 Arcturus Dr
Colorado Springs, CO 80905
West Colorado Springs


HIGHLIGHTS

  • Development Plans Approved by the City (inclusive of design, landscape and irrigation) (will be made available to buyer)
  • Stormwater Detention Pond and other Infrastructure completed
  • Completely Shovel-ready

OVERVIEW

Welcome to the Villas at Skyway - A gem nestled at the foot of Cheyenne Mountain in the Broadmoor area of Colorado Springs. This property offers the discerning buyer an ideal opportunity to enjoy immediate cash-flow from the completed 7 townhomes while developing the remaining 10 units. No Expense was spared in the design and construction of this property. Each unit is individually parcelled and could potentially be sold separately by the new owner. Covenants do allow for short-term rental use. Each home has separately metered utilities. Paved roads, curbs and gutters span the property, making the completion of the remaining three buildings that much easier. Each unit features stucco exterior, commercial EPDM roofs, balconies and private entrances. Tap Fees Paid & Utilities are present and stubbed for each unit to be built Development Plans Approved by the City (inclusive of design, landscape and irrigation) (will be made available to buyer) Stormwater Detention Pond and other Infrastructure completed Completely Shovel-ready

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

7

PRICE/UNIT

$828,571

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VILLAS AT SKYWAY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle TzitzicasRE/MAX Real Estate GroupMore Info
719-310-3651

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Kyle TzitzicasRE/MAX Real Estate GroupMore Info
719-310-3651

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