1001 N Weber St - Apartments FOR SALE


Colorado Springs, CO 80903- Patty Jewett
$1,200,000 USD
719-266-6003
1001 N Weber St, Colorado Springs, CO for Sale
$1,200,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

1001 N Weber St
Colorado Springs, CO 80903
Patty Jewett


HIGHLIGHTS

  • Spacious 1 bedroom, 1 bath units centrally located downtown
  • Original hardwood flooring in units
  • Large corner lot

OVERVIEW

This well-maintained 8-plex offers eight 1-bedroom, 1-bath units, each with 588 sq. ft. of comfortable living space. Every unit features a bright living/dining area and a kitchen equipped with a stove/oven and refrigerator. Several units retain original hardwood flooring, while others feature carpet. The property includes four main-level units and four upstairs units. Shared amenities include a coin-operated laundry area with washer and dryer, four storage closets, and a dedicated furnace and hot water heater room. Recent Upgrades and Improvements: New backflow system (2020) 50-gallon hot water heater (2020) Sewer and water line replacements (2021) New furnace (2022) Exterior paint (2024) Unit 201 shower remodel (2023) Fresh paint in Units 101 & 203 (2023) Scheduled bathroom remodel in Unit 104 (2025) New steel basement door (2025) This property offers a solid rental history with modern updates that minimize future maintenance. Unit 102 is vacant and available to show anytime. Unit 104 is receiving a new bathroom. The rest of the units can be viewed with an acceptable offer. All tenants pay either $5 - $7 a month for trash. They are also billed back for water/sewer monthly & put electricity into their name. There is a coin-op washer/dryer that is new but was damaged and owner decided not to repair them. That can be extra income. RENTS CAN DEFINITELY BE RAISED WITH A BIT OF UPDATING!! The triplex next door is also available for sale at 1007 N Weber St

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

1220

PRICE/UNIT

$984

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,795 SF

ZONING

SU, Colorado Springs

APN/PARCEL ID

64071-18-018

ASK ABOUT THIS PROPERTY

Melanie WesemanCitadel RealtyMore Info
719-266-6003

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Melanie WesemanCitadel RealtyMore Info
719-266-6003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.