2575 E Uintah St - Apartments FOR SALE


Colorado Springs, CO 80909- Divine Redeemer
$1,300,000 USD
720-256-9879
2575 E Uintah St, Colorado Springs, CO for Sale
$1,300,000 USD
Apartments - FOR SALE
1/13
null | 6.08% Cap Rate

2575 E Uintah St
Colorado Springs, CO 80909
Divine Redeemer


HIGHLIGHTS

  • Value-Add Upside Through Unit Modernization
  • Well-Maintained Asset
  • Portfolio Offering - Ability to Scale to 44 Units in Same Submarket
  • 71% Discount to Homeownership
  • Walking Distance to Retail & Grocery
  • #3 Best Places to Live in the United States

OVERVIEW

CBRE is pleased to offer Mountain View Apartments, a 12-unit multifamily community located at 2575 E. Uintah St. in Colorado Springs. Built in 1965, the property features an even split of one-bedroom/one-bath and two-bedroom/one-bath units averaging 713 SF, and is currently 100% occupied. Positioned minutes from the Aviation Corridor, Mountain View offers residents easy access to over 50,000 jobs at employers like Peterson Space Force Base, Schriever Space Force Base, and Colorado Springs Airport, plus another 32,000+ jobs in nearby downtown. Grocery and retail options — including the Citadel Mall — are within walking distance along N. Academy Blvd and Galley Rd. In-place rents run below the submarket, with Mountain View averaging $928 versus a $1,069 competitive set — a 15% ($141/unit) upside opportunity for the next owner. Paired with a 71% discount to homeownership in the immediate area (saving residents $27K+ annually), this points to durable rental demand and continued rent growth. Mountain View Apartments is also available as part of a 44-unit portfolio alongside the adjacent East Hills Apartments (32 units, 730-740 East Hills Rd.), offered together at $4,600,000 ($104,545/unit). Combined, the two assets sit within a half-mile of one another, creating opportunities for shared maintenance and leasing staff and consolidated vendor relationships. Available individually at $1,300,000 ($108,333/unit, $152/SF), Mountain View Apartments represents a well-located, value-add multifamily opportunity in one of the nation's top-ranked cities for livability (#3 Best Place to Live, U.S. News & World Report, 2024-2025).

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,590 SF

ZONING

R-5,Colorado Springs

APN/PARCEL ID

64091-19-004

ASK ABOUT THIS PROPERTY

720-256-9879

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720-256-9879

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