221-225 E Brookside St - Apartments FOR SALE
Colorado Springs, CO 80905 |
221-225 E Brookside St
Colorado Springs, CO 80905
HIGHLIGHTS
- Attractive price-per-unit - property can be acquired at a price 30% below average price-per-unit of properties sold in metro area in last 12 months.
- Major CapEx complete - including new roofs with a taper system, upgraded 6” gutters and downspouts, exterior paint, retaining walls, decks, and more.
- Rare urban renewal opportunity - Sapphire is located within South Nevada Urban Renewal Plan.
- Near major developments -The Ivywild neighborhood, the gateway between downtown and the Broadmoor, is undergoing a massive resurgence.
- Huge growth in Millennial population - recent study says, millennials are moving to Colorado Springs at a higher rate than anywhere in the nation.
- Double-digit cash-on-cash returns - the property offers day one double digit cash-on-cash returns upon acquisition.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Sapphire Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
11913
STORIES
2
YEAR BUILT
1956
PARKING SPACES
28
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
64194-13-010
