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INVESTMENT HIGHLIGHTS
- Six fully renovated units with themed-era restorations
- Prime location near Manitou Incline and Pikes Peak Railway
- Flexible lease terms with potential for short-term rental licensing
- Income-producing 15-space parking lot across the street
- Shared courtyard and community garden enhance tenant experience
EXECUTIVE SUMMARY
Crosby Cottages includes 2 single-family homes, 4 cottages, 1 rentable garage space + income-producing parking lot with 15 spaces. Sold as 1 package.
A rare and extraordinary turnkey rental opportunity in Manitou Springs to own the historic Crosby Cottages, a collective community of two striking single-family homes, four one-of-a-kind themed cottages, and an income-producing 15-unit parking lot. Just moments from the iconic shops, restaurants, and natural landmarks of the Manitou Springs area, these homes are purposely updated by vibrantly combining vintage elements of their 1909 character with modern conveniences. This captivating property of six distinct residences forms a cohesive enclave, each with its own private entrance and generous porch. A shared courtyard and community garden cultivate a warm, village-like atmosphere. The structures retain classic character with original restored hardwood floors and some with cast iron tubs and sinks. All have been renovated with updated kitchens, bathrooms, individual electric meters, washer/dryer hookups, updated electrical, updated plumbing, fresh paint inside and out. The residence at 129 Ruxton offers three beds, two baths and a historic brick fireplace, while the residence at 125 Ruxton features two beds and one bath. The four cabins at 125R Ruxton vary in layout and size. Cabin 1 offers a cozy studio with a ¾ bath and retro flooring, while Cabin 2 features two beds, a loft, an office with built-ins, and a full bath. Cabin 3 presents a bedroom, a full bath and stylish accents including a subway tile backsplash. Cabin 4 hosts a bedroom and a ¾ bath with unique tile. The 15-spot parking lot across the street generates year-round income with its prime location between downtown Manitou Springs and several high-volume tourist attractions. Ideally suited for those seeking a well-positioned, income-producing asset in a high-demand area with limited rental availability. Situated moments from the Manitou Incline, Pikes Peak Cog Railway, local dining, shopping, trails and Garden of the Gods, this property offers an unparalleled rental income community.
A rare and extraordinary turnkey rental opportunity in Manitou Springs to own the historic Crosby Cottages, a collective community of two striking single-family homes, four one-of-a-kind themed cottages, and an income-producing 15-unit parking lot. Just moments from the iconic shops, restaurants, and natural landmarks of the Manitou Springs area, these homes are purposely updated by vibrantly combining vintage elements of their 1909 character with modern conveniences. This captivating property of six distinct residences forms a cohesive enclave, each with its own private entrance and generous porch. A shared courtyard and community garden cultivate a warm, village-like atmosphere. The structures retain classic character with original restored hardwood floors and some with cast iron tubs and sinks. All have been renovated with updated kitchens, bathrooms, individual electric meters, washer/dryer hookups, updated electrical, updated plumbing, fresh paint inside and out. The residence at 129 Ruxton offers three beds, two baths and a historic brick fireplace, while the residence at 125 Ruxton features two beds and one bath. The four cabins at 125R Ruxton vary in layout and size. Cabin 1 offers a cozy studio with a ¾ bath and retro flooring, while Cabin 2 features two beds, a loft, an office with built-ins, and a full bath. Cabin 3 presents a bedroom, a full bath and stylish accents including a subway tile backsplash. Cabin 4 hosts a bedroom and a ¾ bath with unique tile. The 15-spot parking lot across the street generates year-round income with its prime location between downtown Manitou Springs and several high-volume tourist attractions. Ideally suited for those seeking a well-positioned, income-producing asset in a high-demand area with limited rental availability. Situated moments from the Manitou Incline, Pikes Peak Cog Railway, local dining, shopping, trails and Garden of the Gods, this property offers an unparalleled rental income community.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,071,024 CAD | Number of Properties | 2 |
| Price / SF | $662.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.39% | Total Building Size | 4,633 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.45 AC |
| Status | Active |
| Price | $3,071,024 CAD |
| Price / SF | $662.86 CAD / SF |
| Cap Rate | 6.39% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,633 SF |
| Total Land Area | 0.45 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 125 Ruxton Ave, Manitou Springs, CO 80829 | Land | 0.20 AC | - | - |
| 125 Ruxton Ave, Manitou Springs, CO 80829 | Multifamily | 4,633 SF | 1909 | - |
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125 Ruxton Ave
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