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$ 1,070,000
Est. payment | /mo
0.25 Acres Lot
$ 1,070,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 3351224
HOA Y/N No
Originating Board recolorado
Year Built 1966
Annual Tax Amount $3,943
Tax Year 2023
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Cushman & Wakefield is pleased to present 803 Yuma St, a well maintained 8-unit apartment building located in the heart of Colorado Springs. The property consists of all 1-bedroom and 1-bathroom units. The current ownership has renovated all units to include new paint, LVP flooring, upgraded all the electrical wiring/panels and installed a new water heater. Tenants are provided with onsite laundry, private back yard with community garden box and is completely fenced in for pets.
Investors have the ability to continue the renovation plan, as well as recapture loss to lease and increase rents to market rate as leases roll over. This multifamily asset is ideally situated in central Colorado Springs within proximity to Downtown Colorado Springs, outdoor recreation and dining/ retail centers. The location provides a strong foundation for attracting and retaining quality long-term tenants. The allure of this asset is magnified by the solid in place returns and recent capital improvements, making 803 Yuma an opportunity for investors to capitalize on predictable pro-forma returns in the thriving real estate market of Colorado Springs.
Investors have the ability to continue the renovation plan, as well as recapture loss to lease and increase rents to market rate as leases roll over. This multifamily asset is ideally situated in central Colorado Springs within proximity to Downtown Colorado Springs, outdoor recreation and dining/ retail centers. The location provides a strong foundation for attracting and retaining quality long-term tenants. The allure of this asset is magnified by the solid in place returns and recent capital improvements, making 803 Yuma an opportunity for investors to capitalize on predictable pro-forma returns in the thriving real estate market of Colorado Springs.
Location
State CO
County El Paso
Zoning R5
Interior
Fireplace N
Exterior
Total Parking Spaces 9
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Cushman & Wakefield • [email protected]
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