303-328-2000
2409 E Pikes Peak Ave, Colorado Springs, CO for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

2409 E Pikes Peak Ave
Colorado Springs, CO 80909
Memorial Park


HIGHLIGHTS

  • Rapid Employment Growth
  • High Potential for Income Growth
  • Close Proximity to Employment
  • Highly Sought-After Location
  • Immense Rental Demand

OVERVIEW

Marcus & Millichap is pleased to present Urban Edge Apartments, a 116-unit property located in Colorado Springs, CO. The property benefited from a full gut rehab in 2022, in which the property was brought up to current code as well as class A finishes. Offering 111 studio units, as well as a one-bedroom unit and 4 two-bedroom units, the Urban Edge Apartments offers a rare value proposition and opportunity for a new owner to acquire a turn key asset with the ability to realize an additional $110,000 in top line income. Situated in the city of Colorado Springs, Urban Edge Apartments is in close proximity to many employment opportunities, offering residents ample work in a variety of industries. Residents can enjoy the beautiful scenery that Colorado Springs has to offer as a third of the units have unobstructed, west facing views.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

116

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Edge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

PBC

APN/PARCEL ID

64163-01-004

ASK ABOUT THIS PROPERTY

Jason HornikMarcus & MillichapMore Info
303-328-2000

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Jason HornikMarcus & MillichapMore Info
303-328-2000

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