6,772 SqFt
6,772 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,772 sqft
Price per Sqft $337
MLS Listing ID 3081598
HOA Y/N No
Year Built 1948
Annual Tax Amount $573
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
Unique Value Proposition:
What sets this property apart is its ability to be acquired at a low basis, combined with the fact that it is entirely vacant at closing. This creates a blank slate for the next owner, offering full flexibility to execute a comprehensive renovation strategy and re-lease the units at market rents.
Location Highlights
• Situated in the highly desirable Old Colorado City submarket, known for its historic charm, walkability, and proximity to downtown Colorado Springs.
• Surrounded by local retail, dining, and lifestyle amenities that drive strong tenant demand.
• Easy access to major employment hubs, outdoor recreation, and Colorado Springs' growing economic base.
Investment Highlights
• 23-Unit Multifamily Property in a supply-constrained market.
• Completely Vacant – allows immediate repositioning without the challenges of in-place tenants.
• Low Basis Acquisition – priced to provide significant upside through renovation.
• Full Repositioning Flexibility – renovate to desired finishes and achieve market-level rents.
• High-Demand Location – Old Colorado City offers strong fundamentals and tenant appeal.
Location
State CO
County El Paso
Zoning PDZ R-5
Interior
Fireplace N
Exterior
Roof Type Membrane
Total Parking Spaces 34
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Schools and Properties Nearby
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