719-648-0423
2634 E Yampa St, Colorado Springs, CO for Sale
Apartments - FOR SALE
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2634 E Yampa St
Colorado Springs, CO 80909
Divine Redeemer


HIGHLIGHTS

  • Significant capital improvements including new windows, updated electrical, updated exterior, unit renovations
  • Centrally located 2 miles East of Downtown Colorado Springs with walkability to grocery and dining options
  • Self-managed property with immediate $200+ rent premiums as leases turn
  • Long term pride of ownership with no deferred maintenance

OVERVIEW

Cushman & Wakefield is pleased to present the Mountain Pointe Apartments, a beautifully updated community nestled in the vibrant heart of Colorado Springs. This meticulously maintained 71-unit building is located 2 miles Northeast of Downtown Colorado Springs in the Divine Redeemer submarket. Mountain Pointe features a unit mix of (59) spacious one bedroom and (12) two bedroom units, each featuring large living rooms, oversized bedrooms, and walk-in closets. Units have received renovations including new vinyl plank flooring, fresh carpeting, modern paint, and stylish fixtures throughout. The building has been self-managed for over a decade and there are immediate rent premiums of $200 plus, with little to no expense as leases turn. Current ownership has made significant capital improvements including new windows, updated exteriors, landscaping, and unit renovations. Conveniently located just outside of Downtown Colorado Springs, Mountain Pointe benefits from close proximity to a wealth amenities, including walkability to shopping, dining, and entertainment options. The building’s immaculate condition and established presence in the market position Mountain Pointe as a promising investment, with potential for increased value through strategic unit enhancements and operational efficiencies.

FOR SALE DETAILS

PRICE

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# OF UNITS

71

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain Pointe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,547 SF

ZONING

R-5,Colorado Springs

APN/PARCEL ID

64091-24-029,64091-24-030

ASK ABOUT THIS PROPERTY

Patrick KnowltonCushman & WakefieldMore Info
719-648-0423

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Patrick KnowltonCushman & WakefieldMore Info
719-648-0423

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