1322 Arch St - Apartments FOR SALE


Colorado Springs, CO 80904- West Colorado Springs
$675,000 USD
417-459-2155
1322 Arch St, Colorado Springs, CO for Sale
$675,000 USD
Apartments - FOR SALE
1/40
null | 6.18% Cap Rate

1322 Arch St
Colorado Springs, CO 80904
West Colorado Springs


HIGHLIGHTS

  • Prime Westside Location - Highly desirable area near Old Colorado City, Red Rock Open Space and Manitou Springs, attracting long-term tenants
  • Strong Unit Mix - Four well maintained 2-bedroom, 1 bath units each with in unit washer and dryer & AC
  • Stable Income Potential - Two garden level and two upper-level units provide balanced occupancy options and diversified rental appeal
  • Lifestyle and Convenience - Tenants enjoy mountain views, ample parking, and close proximity to trails, shopping, dining, and recreation

OVERVIEW

*** Great investment opportunity in ideal area of West Colorado Springs 1322 Arch Street, a well located, four-unit multifamily asset situated in the heart of Colorado Springs’ sought-after Westside. Nestled just minutes from Old Colorado City, Downtown Colorado Springs, and the world renowned Garden of the Gods. The property offers residents access to a vibrant mix of recreational amenities, boutique retail, dining, and major employment centers. Constructed in 1973, this multifamily property functional layouts that appeal to a variety of tenant profiles. The building sits on a generously sized 8520 SF lot in a quiet, established residential neighborhood and provides off-street parking(8)and mature landscaping. Colorado Springs, located in El Paso County, continues to benefit from a robust and diverse economy, underpinned by key industries such as defense, aerospace, healthcare, and technology. As housing demand in the region remains strong and new supply remains constrained, 1322 Arch Street offers a rare chance to acquire a value-add asset in one of the city’s most enduring rental markets.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

4

PRICE/UNIT

$168,750

CAP RATE

6.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residential West-Side Neighborhood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,520 SF

ZONING

-

APN/PARCEL ID

74142-10-017

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.