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The Bonfoy and Delaware Drive Aprtments 2 Multifamily Properties Offered at $8,091,260 CAD in Colorado Springs, CO

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INVESTMENT HIGHLIGHTS

  • Prime Location Near Downtown Colorado Springs
  • Majority Of Units Have Been Updated
  • Varied Unit Mix of Studios, One and Two Bedroom Units
  • Significant Capital Improvements Across Both Buildings

EXECUTIVE SUMMARY

1010 Delaware Dr in Colorado Springs, CO. This well-maintained, 18-unit apartment community features a unit mix of six one-bedroom, one-bathroom units measured at 575 square feet each and twelve two-bedroom, one-bathroom units each measuring 725 square feet. Near Downtown Colorado Springs and Citadel Mall, the property offers an ideal location close to the metro’s most popular amenities. Additionally, the asset has undergone significant capital improvements, including recent upgrades to 70 percent of the units, installation of commercial grade security cameras, new high efficiency water heater and resurfaced parking lot in June 2025. The interior has also received improvements in the form of new flooring, modernized appliances and updated kitchen fixtures. A strong foundation of recent capital improvements and a thriving local rental market reflects this apartment asset’s strong position as an investment opportunity.
The Bonfoy Apartments, an excellent investment opportunity located in the heart of downtown Colorado Springs. This well-maintained, 32-unit multifamily asset is ideally situated within walking distance of Memorial Park and offers convenient access to the city's most desirable amenities. The property features a diverse unit mix of seven studio apartments, each measuring 400 square feet, eighteen one-bedroom and one-bathroom units, each measuring 565 square feet, and seven two-bedroom and one-bathroom units, each measuring 820 square feet. Several capital improvements have been made to enhance the property’s long-term value, including a resurfaced parking lot, new railings and stairs and upgraded boilers. Likewise, improvements have been made to enhance the interior like vinyl plank flooring, spacious closets, stainless-steel appliances and bathrooms with contemporary fixtures.

PROPERTY FACTS

Price $8,091,260 CAD
Price / SF $245.19 CAD / SF
Sale Condition 1031 Exchange
Cap Rate 6.92%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 33,000 SF
Total Land Area 0.96 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
The Bonfoy Apartments
112 Bonfoy Ave, Colorado Springs, CO 80909
Multifamily 20,850 SF 1963 -
Delaware Place
1010 Delaware Dr, Colorado Springs, CO 80909
Multifamily 12,150 SF 1970 -
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  • Listing ID: 39226714

  • Date on Market: 2026-01-27

  • Last Updated:

  • Address: The Bonfoy and Delaware Drive Aprtments, Colorado Springs, CO

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