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110 El Paso Blvd 4 Unit Apartment Building $1,077,459 CAD ($269,365 CAD/Unit) 6.50% Cap Rate Manitou Springs, CO 80829
Investment Highlights
- Nearby many local amenities.
Executive Summary
Access Property Page Here:
https://110elpasoblvd.sharplaunch.com/
Freestanding multi-family property on El Paso Blvd in Manitou Springs. Turnkey Multi-Unit Layout: Features 3,165 sq. ft. configured into 9 bedrooms and 7 bathrooms, including a fully remodeled owner/manager's quarters with an updated kitchen. Extensive Capital Upgrades: Minimized near-term CAPEX thanks to recent major renovations, including a new stucco exterior, 25 high-efficiency windows, and updated commercial plumbing. 8-Zone Utility Efficiency: Equipped with a commercial-grade hot water baseboard system split into 8 individually controlled climate zones, lowering utility overhead and maximizing tenant comfort. High-Density Zoning Versatility: Formally rezoned for high-density residential use, making it ideal for stable, long-term multi-family rentals or high-yield extended-stay housing. Premium Parkside Location: Sits on a 0.46-acre lot directly across from a major municipal park and right along local transit lines, minutes from Garden of the Gods
https://110elpasoblvd.sharplaunch.com/
Freestanding multi-family property on El Paso Blvd in Manitou Springs. Turnkey Multi-Unit Layout: Features 3,165 sq. ft. configured into 9 bedrooms and 7 bathrooms, including a fully remodeled owner/manager's quarters with an updated kitchen. Extensive Capital Upgrades: Minimized near-term CAPEX thanks to recent major renovations, including a new stucco exterior, 25 high-efficiency windows, and updated commercial plumbing. 8-Zone Utility Efficiency: Equipped with a commercial-grade hot water baseboard system split into 8 individually controlled climate zones, lowering utility overhead and maximizing tenant comfort. High-Density Zoning Versatility: Formally rezoned for high-density residential use, making it ideal for stable, long-term multi-family rentals or high-yield extended-stay housing. Premium Parkside Location: Sits on a 0.46-acre lot directly across from a major municipal park and right along local transit lines, minutes from Garden of the Gods
Property Facts
| Price | $1,077,459 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $269,365 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.50% | Building Size | 3,165 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2017 |
| Property Subtype | Apartment | Parking Ratio | 6.31/1,000 SF |
| Zoning | C | ||
| Price | $1,077,459 CAD |
| Price Per Unit | $269,365 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,165 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2017 |
| Parking Ratio | 6.31/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 3 | - | - |
| 1+1 | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 74044-07-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $68,821 CAD |
Property Taxes
Parcel Number
74044-07-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,821 CAD
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110 El Paso Blvd
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