126 W Cheyenne Rd - Apartments FOR SALE


Colorado Springs, CO 80906- Ivywild
$599,000 USD
417-459-2155
126 W Cheyenne Rd, Colorado Springs, CO for Sale
$599,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

126 W Cheyenne Rd
Colorado Springs, CO 80906
Ivywild


HIGHLIGHTS

  • Duplex Investment Opportunity located nearby Ivywild and Broadmoor
  • Spacious Two-Bedroom Floor Plans with front and rear entrance
  • Strong Rental Demand Location- desirable rental submarket within Colorado Springs
  • Dedicated Off-Street Parking- 2-car detached garage and 2-car carport

OVERVIEW

124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling 1,801 square feet. Units feature functional two-bedroom, one-bathroom, and two-bedroom, one and one half-bathroom floor plans designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting. The property offers four off-street parking spaces, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term appreciation potential. Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area’s most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado’s most desirable places to live. Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,965 SF

ZONING

PDZ R-2

APN/PARCEL ID

64302-15-039

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.