102 Holly St - Multi-Family FOR SALE


Colorado Springs, CO 80904- West Colorado Springs
$1,850,000 USD
417-459-2155
102 Holly St, Colorado Springs, CO for Sale
$1,850,000 USD
Multi-Family - FOR SALE
1/33
null | 5.96% Cap Rate

102 Holly St
Colorado Springs, CO 80904
West Colorado Springs


HIGHLIGHTS

  • PRIME WESTSIDE LOCATION Situated within walking distance to Garden of the Gods and bordering Manitou Springs & Old Colorado City.
  • STRONG INCOME PRODUCER Mix of five long-term rental cottages and four highly rated short-term rentals ranked in the top 1% in Colorado Springs.
  • SCENIC OUTDOOR AMBIANCE Features lush gardens, a fairy tale inspired backyard with hand-forged bridge, antique lighting, and incredible views.

OVERVIEW

This exceptional and rare investment opportunity is located on the desirable west side of Colorado Springs, within walking distance to the world-renowned Garden of the Gods and bordering the vibrant community of Manitou Springs. Designed and curated by a husband-and-wife team—an accomplished theme park designer and an interior and garden designer—this property is a one-of-a-kind asset that blends artistry, functionality, and strong income performance. The multifamily property spans four parcels with potential for additional development. It features five updated and charming standalone cottages currently operated as long-term rentals, alongside four unique dwellings: a historic two-bedroom Craftsman home, a two-bedroom two-story A-frame cottage, a one-bedroom cottage, and a studio cottage. An exceptional turnkey opportunity—includes thoughtfully curated, high-end furnishings and décor throughout. These four units have achieved top 1% short-term rental performance in Colorado Springs, with over 2,000 stays in the past seven years. This investment also presents a perfect owner-occupant opportunity with the Craftsman home. Located just steps from one of Colorado Springs’ most iconic natural landmarks, the property at 102 Holly Gardens, Colorado Springs, enjoys a highly desirable setting on the city’s scenic west side. Bordering the charming town of Manitou Springs and within walking distance of Garden of the Gods, the location offers an exceptional blend of peaceful foothill ambience and vibrant community access. Residents benefit from quick access to hiking trails, Garden of the Gods Park’s dramatic red-rock formations, and Manitou’s lively shops and cafés, while being just a short drive from downtown Colorado Springs and major transport routes.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$559 USD /SF

# OF UNITS

9

PRICE/UNIT

$205,556

CAP RATE

5.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Gardens

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,496 SF

ZONING

R2-HS

APN/PARCEL ID

74032-05-023

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 Notice.