1202-1240 Potter Dr - Apartments FOR SALE


Colorado Springs, CO 80909- Knob Hill
$31,000,000 USD
303-905-5888
1202-1240 Potter Dr, Colorado Springs, CO for Sale
$31,000,000 USD
Apartments - FOR SALE
1/28
null | 7.8% Cap Rate

1202-1240 Potter Dr
Colorado Springs, CO 80909
Knob Hill


OVERVIEW

The Unique Apartment Group is pleased to present to qualified investors, the opportunity to purchase Vista Peak apartments in Colorado Springs, Colorado. This unique opportunity provides investors the prospect to purchase a well located multi-family property with a significant "value-add" opportunity. There is significant upside in raising rents, implementing a RUBs program, adding amenities, and stabilizing Vista Peak. This is a true "value-add" opportunity that allows investors to get a double digit return in one of the most sought after markets in Colorado. Value Add Apartment Property. Potential for 90% LTV available. Large Units | 94% 2 and 3 Bedrooms. Opportunity to Implement RUBS program. Available below replacement cost

FOR SALE DETAILS

PRICE

$31,000,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

257

PRICE/UNIT

$120,623

CAP RATE

7.8%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Peak Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

402

LAND DETAILS

LAND ACRES

14.69 AC

LAND SF

639,896 SF

ZONING

R5

APN/PARCEL ID

64112-09-071

ASK ABOUT THIS PROPERTY

Marc LippittUnique Properties, Inc.More Info
303-905-5888

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Marc LippittUnique Properties, Inc.More Info
303-905-5888

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