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3006 N Institute St
Colorado Springs, CO 80907
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Private Fenced-In Backyards
- Covered Parking (Carports)
- In-Unit Washer & Dryers
EXECUTIVE SUMMARY
Cushman & Wakefield is excited to present the Institute Apartments, a prime 6-unit investment opportunity located in the highly sought-after Colorado
Springs market. This property consists of three duplexes, and all units are 2-bedroom, 1-bathroom units with 576 square feet of living space. With a blend
of immediate income generation and substantial upside potential, this property offers an exceptional opportunity for both seasoned and new investors.
Institute Apartments are strategically located in a high-demand area of Colorado Springs, ensuring consistent tenant demand and strong rental performance. The property is fully leased, providing immediate cash flow from day one. Each unit features its own enclosed outdoor space, a highly desirable amenity for tenants seeking privacy and recreation. With potential for strategic improvements, investors can realize significant rental upside, increase property value, and drive long-term returns.
Colorado Springs is a rapidly growing market, with strong demand for quality rental housing. This well-maintained property offers a rare combination of immediate cash flow and long-term value creation. Whether you’re seeking a solid addition to your portfolio or looking to capitalize on the potential for increased returns through improvements, the Institute Apartments presents a highly attractive investment opportunity.
Springs market. This property consists of three duplexes, and all units are 2-bedroom, 1-bathroom units with 576 square feet of living space. With a blend
of immediate income generation and substantial upside potential, this property offers an exceptional opportunity for both seasoned and new investors.
Institute Apartments are strategically located in a high-demand area of Colorado Springs, ensuring consistent tenant demand and strong rental performance. The property is fully leased, providing immediate cash flow from day one. Each unit features its own enclosed outdoor space, a highly desirable amenity for tenants seeking privacy and recreation. With potential for strategic improvements, investors can realize significant rental upside, increase property value, and drive long-term returns.
Colorado Springs is a rapidly growing market, with strong demand for quality rental housing. This well-maintained property offers a rare combination of immediate cash flow and long-term value creation. Whether you’re seeking a solid addition to your portfolio or looking to capitalize on the potential for increased returns through improvements, the Institute Apartments presents a highly attractive investment opportunity.
PROPERTY FACTS
| Price Per Unit | $221,021 CAD | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 3,456 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Building Class | C | ||
| Zoning | R5 | ||
| Price Per Unit | $221,021 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 3,456 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 576 |
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