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750 E Kiowa St
Colorado Springs, CO 80903
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- DESIRABLE LOCATION JUST OUTSIDE OF CORE DOWNTOWN COLORADO SPRINGS AND NEARBY COLORADO COLLEGE
- FAVORABLE UNIT MIX WITH ONE-, TWO, AND THREE-BEDROOMS
- UNDER MARKET RENTS WITH OPPORTUNITY TO INCREASE INCOME
EXECUTIVE SUMMARY
Cushman & Wakefield is excited to present the opportunity to acquire a well-positioned 5-unit multifamily property located at 750 East Kiowa Street in the highly desirable area of Colorado Springs. Featuring a balanced unit mix with one, two, and three bedroom units, this property offers a unique blend of location, tenant demand, and significant potential for value creation, making it an exceptional addition to any investment portfolio. 750 East Kiowa Street benefits from a premier location in one of the most sought-after neighborhoods in Colorado Springs. Located just outside of Downtown, tenants have easy access to the area’s best amenities, including a wide range of dining, retail, and entertainment options, offering the best of both worlds: proximity to the vibrant city center and the tranquility of a more residential setting.
The property also offers substantial upside potential with under-market rents, providing an opportunity for the new owner to realize a strong return on investment by aligning rents with current market rates. This potential for rent increases enhances the overall appeal of the property and positions it well for long-term financial growth.
This property is strategically located in a rapidly growing market, offering a stable income stream with substantial upside potential. The combination of a strong location near Downtown and Colorado College, an attractive unit mix, and the opportunity to adjust rents to market rates makes 750 East Kiowa Street a rare and valuable investment opportunity.
The property also offers substantial upside potential with under-market rents, providing an opportunity for the new owner to realize a strong return on investment by aligning rents with current market rates. This potential for rent increases enhances the overall appeal of the property and positions it well for long-term financial growth.
This property is strategically located in a rapidly growing market, offering a stable income stream with substantial upside potential. The combination of a strong location near Downtown and Colorado College, an attractive unit mix, and the opportunity to adjust rents to market rates makes 750 East Kiowa Street a rare and valuable investment opportunity.
PROPERTY FACTS
| Price Per Unit | $202,408 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.46% | Building Size | 4,364 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1893 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2 R4, CO Springs | ||
| Price Per Unit | $202,408 CAD |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,364 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1893 |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 R4, CO Springs |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 64172-15-022 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $86,434 CAD |
PROPERTY TAXES
Parcel Number
64172-15-022
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$86,434 CAD
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