2480 Allegheny Dr - Apartments FOR SALE


Colorado Springs, CO 80919- Oak Valley Ranch
$850,000 USD
719-238-9074
2480 Allegheny Dr, Colorado Springs, CO for Sale
$850,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2480 Allegheny Dr
Colorado Springs, CO 80919
Oak Valley Ranch


HIGHLIGHTS

  • 1,000 Sq Ft. Townhome-Style units with 2 beds, 1.5 baths and in-unit washer/dryer hookups.
  • Value-Add opportunity with immediate control of rental rates and ability to renovate vacant units upon acquisition. Supply
  • Supply constrained area on the Northwest side of Colorado Springs adjacent to Wilson Ranch Community Park.
  • Capital improvements with a new roof installed February of 2025 and recently updated siding/ exterior paint in December 2024.

OVERVIEW

Cushman & Wakefield is pleased to present 2480 Allegheny Drive, a 4-unit multifamily property in Northwest Colorado Springs. The property features four 1,000 sq ft. two-story townhome style units with two bedrooms and one and a half bathrooms. Each of the four units have in-unit washer/dryers, individually metered electric (no gas at the property), front and rear entrances, and extra storage units on the back patios. The property has off-street parking, updated windows, new paint/siding, and a new roof installed in February 2025. With two of the units still unoccupied it provides immediate control of rental rates or take advantage of an owner occupied loan. This West side location provides residents access to major tech employers along west Garden of the Gods Road as well as short drives to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park featuring an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. SPLIT ROCK DRIVE N

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R5

APN/PARCEL ID

73104-06-010

ASK ABOUT THIS PROPERTY

Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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