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3428 W Colorado Ave
Colorado Springs, CO 80904
Sausalito Cottages · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Private Studio Apartments Separate, self-contained studio units that maximize tenant privacy and offer a low maintenance living arrangement.
- High Demand Area Close proximity to popular restaurants, shops, and entertainment, ensuring a steady rental market and low vacancy rates.
- Prime Location Excellent access to HWY 24 for commuter convenience and minutes from iconic attractions like Garden of the Gods, Manitou Springs & OCC.
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the exceptional Sausalito Cottages, a well-maintained, private multi-family complex consisting of 12 units comprised of 10 cozy cottages and a duplex in the heart of Colorado Springs. Located just off HWY 24 & Colorado Avenue, this property offers both privacy and convenience, making it an attractive option for tenants seeking easy access to the mountains, local attractions, and all that Colorado Springs has to offer. Sausalito Cottages offers attractive rental rates with strong income potential, and there is ample opportunity to increase returns based on current market conditions. The property also presents room for growth, with possibilities for minor improvements or upgrades that could elevate the property’s value and attract higher-end tenants. Its prime location, with easy access to major transportation routes, further enhances its appeal to working professionals seeking commuter-friendly living options. Additionally, the layout of the complex lends itself well to professional management, simplifying operations for any future owner. With its unique features, prime location, and untapped potential for growth, Sausalito Cottages represents a rare and profitable investment opportunity in a thriving market that won’t last long.
PROPERTY FACTS
| Price Per Unit | $207,643 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,316 SF |
| No. Units | 12 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2023 |
| Apartment Style | Garden | Parking Ratio | 2.26/1,000 SF |
| Zoning | C5 HS | ||
| Price Per Unit | $207,643 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 5,316 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | C5 HS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | 366 - 828 |
| 3+1 | 1 | - | 828 |
PROPERTY TAXES
| Parcel Number | 74033-21-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $177,664 CAD |
PROPERTY TAXES
Parcel Number
74033-21-021
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$177,664 CAD
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