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1065 Magnolia St 4 Unit Apartment Building $984,550 CAD ($246,138 CAD/Unit) Colorado Springs, CO 80907
Investment Highlights
- Conveniently located near UCCS, providing easy access to campus amenities and attracting a stable student and faculty renter base.
- The property is fully leased with a reliable rental history, providing a stable cash flow.
- Rent Renovations
Executive Summary
Cushman & Wakefield is pleased to present an exceptional investment opportunity in a well-located 4-plex in Colorado Springs, with two recently renovated units, situated near the University of Colorado Colorado Springs (UCCS) and Interstate 25 (I-25). This multifamily property features four spacious 2-bedroom, 1-bathroom units, offering an attractive combination of high demand, consistent rental income, and long-term appreciation potential. This property is positioned for long-term value appreciation and offers the potential for immediate returns to investors seeking stable income in a high-demand market. Significant capital improvements have been made and recent exterior painting and tree/shrub removal has significantly improved curb appeal. It is an ideal opportunity for those looking to capitalize on the growing rental market in Colorado Springs.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $984,550 CAD | Building Class | C |
| Price Per Unit | $246,138 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,348 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price | $984,550 CAD |
| Price Per Unit | $246,138 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,348 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 63293-13-031 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $62,767 CAD |
Property Taxes
Parcel Number
63293-13-031
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$62,767 CAD
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1065 Magnolia St
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