1011 Bennett Ave - Apartments FOR SALE


Colorado Springs, CO 80909- Divine Redeemer
$1,175,000 USD
417-459-2155
1011 Bennett Ave, Colorado Springs, CO for Sale
$1,175,000 USD
Apartments - FOR SALE
1/16
null | 6.25% Cap Rate

1011 Bennett Ave
Colorado Springs, CO 80909
Divine Redeemer


OVERVIEW

Cushman & Wakefield is pleased to present an exceptional investment opportunity at 1011, 1013, 1015, and 1017 Bennett Avenue in the heart of Colorado Springs. Built in 1985, this well-maintained 8-unit property consists of all rare 2-bedroom, 2-bathroom units, each offering 800 square feet of living space. Each unit features a large open kitchen and two master bedrooms with en suite bathrooms. Ideally situated for immediate rental income and long-term growth, this asset is perfect for an experienced investor looking to capitalize on its significant upside potential. The Bennett Apartments present a prime opportunity to acquire a multifamily property with strong fundamentals and substantial rental upside in the thriving Colorado Springs market. Recently updated with a new exterior and new windows, the property also includes two fully renovated units and four other partially renovated units. With an efficient, self-management structure already in place, this asset offers immediate financial returns while providing the flexibility for a buyer to continue or scale the management strategy. 1011-1017 Bennett Avenue is an ideal addition to any investor’s portfolio, offering both immediate cash flow and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

8

PRICE/UNIT

$146,875

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1011, 1013, 1015, 1017 Bennett Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,834 SF

ZONING

r5

APN/PARCEL ID

64091-24-039,64091-24-040

ASK ABOUT THIS PROPERTY

Lee WagnerCushman & WakefieldMore Info
417-459-2155

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Lee WagnerCushman & WakefieldMore Info
417-459-2155

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