CO > Manitou Springs
Manitou Springs, CO 80829,113 Old Crystal Park Road
Manitou Springs, CO 80829,113 Old Crystal Park Road
Manitou Springs, CO 80829,113 Old Crystal Park Road
Manitou Springs, CO 80829,113 Old Crystal Park Road
Manitou Springs, CO 80829,113 Old Crystal Park Road
Manitou Springs, CO 80829,113 Old Crystal Park Road
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Brandon Lecocq

Brandon Lecocq

+1(719) 413-6610
$ 1,095,000
Est. payment | /mo

4,312 SqFt

Save
$ 1,095,000
Est. payment | /mo
Save

4,312 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,312 sqft

Price per Sqft $253

MLS Listing ID 9346399

Style Spanish

HOA Y/N No

Year Built 1927

Annual Tax Amount $4,602

Tax Year 2024

Lot Size 0.839 Acres

Acres 0.84

Property Sub-Type Multi Family

Source recolorado

Property Description

Cushman & Wakefield is pleased to present The Villages, located at 113 Old Crystal Park Road in the heart of historic Manitou Springs, Colorado. The Villages presents a rare opportunity to acquire a 100% occupied, value-add multifamily asset in one of the most supply-constrained and desirable submarkets in the greater Colorado Springs area. This 7-unit property, consisting of 4 one-bedroom and 3 two-bedroom apartments, is situated blocks from Manitou Springs and with quick access to Old Colorado City and Downtown Colorado Springs. The property has been meticulously maintained by a long-term owner and existing rents are well below market, presenting an immediate opportunity to capture $150-$250 premiums on the flexible leases. With an average unit size of 586 square feet, the property features full utility reimbursements, on-site laundry, and eight storage sheds, three of which are currently leased. The Villages have been well-maintained with significant ownership improvements over time, The Villages benefits from its unique small-town charm, walkability, and strong tourism economy, making it an ideal location for long-term tenants and an attractive target for real estate investors. As new development in Manitou Springs is highly limited due to geographic and regulatory constraints, this asset offers scarcity value along with reliable occupancy in a market with minimal future multifamily supply.

Location

State CO

County El Paso

Zoning GR

Interior

Fireplace N

Exterior

Roof Type Membrane

Garage No

Building

Sewer Public Sewer

Structure Type Cement Siding

Others

Special Listing Condition None

REColorado (REColorado MLS)
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Cushman & Wakefield
Brandon Lecocq

At EPIQUE Realty, we are dedicated to providing top-tier service, expert market knowledge, and a seamless buying or selling experience. Whether you're searching for your dream home or looking to sell for the best value, our team is committed to guiding you every step of the way. Fill out the form here to get started with Brandon and EPIQUE Realty today!

+1(719) 413-6610

brandonlecocq.co@gmail.com

1400 16th St, Denver, CO, 80202-1470, USA

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