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2634 E Yampa St
Colorado Springs, CO 80909
Mountain Pointe Apartments · Multifamily Property For Sale
·
71 Units
INVESTMENT HIGHLIGHTS
- Significant capital improvements including new windows, updated electrical, updated exterior, unit renovations
- Self-managed property with immediate $200+ rent premiums as leases turn
- Centrally located 2 miles East of Downtown Colorado Springs with walkability to grocery and dining options
- Long term pride of ownership with no deferred maintenance
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the Mountain Pointe Apartments, a beautifully updated community nestled in the vibrant heart of Colorado Springs. This meticulously maintained 71-unit building is located 2 miles Northeast of Downtown Colorado Springs in the Divine Redeemer submarket.
Mountain Pointe features a unit mix of (59) spacious one bedroom and (12) two bedroom units, each featuring large living rooms, oversized bedrooms, and walk-in closets. Units have received renovations including new vinyl plank flooring, fresh carpeting, modern paint, and stylish fixtures throughout. The building has been self-managed for over a decade and there are immediate rent premiums of $200 plus, with little to no expense as leases turn. Current ownership has made significant capital improvements including new windows, updated exteriors, landscaping, and unit renovations.
Conveniently located just outside of Downtown Colorado Springs, Mountain Pointe benefits from close proximity to a wealth amenities, including walkability to shopping, dining, and entertainment options. The building’s immaculate condition and established presence in the market position Mountain Pointe as a promising investment, with potential for increased value through strategic unit enhancements and operational efficiencies.
Mountain Pointe features a unit mix of (59) spacious one bedroom and (12) two bedroom units, each featuring large living rooms, oversized bedrooms, and walk-in closets. Units have received renovations including new vinyl plank flooring, fresh carpeting, modern paint, and stylish fixtures throughout. The building has been self-managed for over a decade and there are immediate rent premiums of $200 plus, with little to no expense as leases turn. Current ownership has made significant capital improvements including new windows, updated exteriors, landscaping, and unit renovations.
Conveniently located just outside of Downtown Colorado Springs, Mountain Pointe benefits from close proximity to a wealth amenities, including walkability to shopping, dining, and entertainment options. The building’s immaculate condition and established presence in the market position Mountain Pointe as a promising investment, with potential for increased value through strategic unit enhancements and operational efficiencies.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.80 AC |
| No. Units | 71 | Building Size | 50,838 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Zoning | R-5,Colorado Springs | ||
| Sale Type | Investment |
| No. Units | 71 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 50,838 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | R-5,Colorado Springs |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Satellite TV
- Walk-In Closets
- Carpet
- Handrails
SITE AMENITIES
- Laundry Facilities
- Playground
- Laundry Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 59 | $1,282 CAD | 600 - 750 |
| 2+1 | 12 | $1,598 CAD | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $910,024 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$910,024 CAD
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