719-648-0423
, Colorado Springs, CO for Sale
Multi-Family - FOR SALE
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The Cottages Portfolio
Colorado Springs, CO
Gateway Park


HIGHLIGHTS

  • Differentiated BFR multifamily investment opportunity with a diverse mix of studio, one-, and two-bedrooms cottages
  • Units feature high end finishes including wood vinyl flooring, granite countertops, all stainless steel electric kitchens, washer and dryer, and A/C
  • Fully stabilized properties with limited vacancy and room for rent growth as original leases turn
  • Assets are strategically located near growing employment hubs including Peak Innovation Park, Peterson Space Force Base, and the COS Airport

OVERVIEW

The Springs Cottage Portfolio is an exceptional new construction multifamily opportunity comprised of 276 units in Colorado Springs, spread across three different assets: The Cottages at Torin Point (116 units), The Cottages at Jet Wing (92 units), and The Cottages at North Carefree (68 units). The cottages offer a mix of studio, one-, and two-bedroom apartment homes with luxury interior finishes such as granite countertops, stainless steel appliances, air conditioning, washer and dryer, and all electric kitchens. The Cottage properties are all fully stabilized assets with over 95% occupancy and positive lease trade outs as original leases turn. The properties are all located within a 4-mile radius, allowing for shared payroll, maintenances, and management across the portfolio. The properties are strategically located in submarkets with limited new supply and near growing employment hubs including Peak Innovation Park, Peterson Space Force Base, and the Colorado Springs Airport.

ASK ABOUT THIS PROPERTY

Patrick KnowltonCushman & WakefieldMore Info
719-648-0423

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Patrick KnowltonCushman & WakefieldMore Info
719-648-0423

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