1184 Mazatlan Cir - Apartments FOR SALE


Colorado Springs, CO 80910- Park Hill
$575,000 USD
719-238-9074
1184 Mazatlan Cir, Colorado Springs, CO for Sale
$575,000 USD
Apartments - FOR SALE
1/16
null | 7.55% Cap Rate

1184 Mazatlan Cir
Colorado Springs, CO 80910
Park Hill


HIGHLIGHTS

  • Recent interior unit renovations
  • Room for rent growth

OVERVIEW

Cushman & Wakefield is pleased to present 1184 Mazatlan Cir, a multifamily property in South Central Colorado Springs, known for its strong rental market. Each unit of this property features 2 bedrooms and 1 bathroom, providing residents with spacious and comfortable living spaces, in unit washer/dryer hookups and fireplaces. Unit upgrades include LVP flooring, bedroom carpet, paint and cabinet hardware. Residents can enjoy access to shopping, dining, and entertainment with proximity to the Academy Blvd Corridor, HWY 24 and I-25. The property’s location and features make it an attractive choice for residents, reducing vacancy risks and providing opportunities for rent growth. Additionally, any future renovations or improvements may further enhance the property’s value. Whether you’re an experienced investor looking to expand your portfolio or a first-time multifamily investor, this four-unit property provides an excellent opportunity to capitalize on the thriving rental market in Colorado Springs.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

4

PRICE/UNIT

$143,750

CAP RATE

7.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,605 SF

ZONING

PUD

APN/PARCEL ID

64223-14-208

ASK ABOUT THIS PROPERTY

Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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