1215 N Nevada Ave - Apartments FOR SALE


Colorado Springs, CO 80903- Patty Jewett
$3,500,000 USD
719-200-5145
1215 N Nevada Ave, Colorado Springs, CO for Sale
$3,500,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

1215 N Nevada Ave
Colorado Springs, CO 80903
Patty Jewett


HIGHLIGHTS

  • Big upside to increase rents as property is within walking distance of Colorado College, Penrose Hospital and downtown Colorado Springs
  • Very well maintained inside and out.

OVERVIEW

Pride of ownership shines throughout this charming Victorian apartment complex, ideally situated in the heart of Colorado Springs’ Historic Old North End. The property features three buildings plus an alley-accessible gravel parking lot, offering both character and functionality. Building #1213 includes 8 units: a mix of one efficiency unit, five one-bedroom units, and two 1+ bedroom units. Building #1215 features 13 units, consisting of one two-bedroom unit, three efficiency units, six one-bedroom units, and three 1+ bedroom units. One of these units is currently utilized as an office. Building #1215 ½ is a standalone three-bedroom cottage, adding unique charm and variety to the property. Each unit is equipped with a refrigerator, gas stove, and mini blinds. The property boasts excellent rental history, with many long-term tenants and steady occupancy. Financial information available upon request.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

22

PRICE/UNIT

$159,091

CAP RATE

Request Cap Rate

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Van & Co Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R5 HP

APN/PARCEL ID

64071-08-010

ASK ABOUT THIS PROPERTY

Tony DeppeRe/Max Real Estate GroupMore Info
719-200-5145

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Tony DeppeRe/Max Real Estate GroupMore Info
719-200-5145

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