2655 Ore Mill Rd - Apartments FOR SALE


Colorado Springs, CO 80904- West Colorado Springs
$3,550,000 USD
720-939-2943
2655 Ore Mill Rd, Colorado Springs, CO for Sale
$3,550,000 USD
Apartments - FOR SALE
1/15
null | 6.17% Cap Rate

2655 Ore Mill Rd
Colorado Springs, CO 80904
West Colorado Springs


HIGHLIGHTS

  • Within one mile to Downtown Colorado Springs, three miles to Downtown Manitou Springs
  • Great Unit Mix: 2-Studios (450 SF), 11-1Br/1Ba (600 SF) and 13-2Br/1Ba (850 SF)
  • Site Amenities: On site laundry, secured entry, security patrol

OVERVIEW

Raintree Apartments offers an institutional-quality acquisition in a vibrant, historic neighborhood. With full occupancy, a desirable mix of larger units, and built-in rent upside, it’s ideal for a value-add investor seeking stable cash flow and long-term appreciation within a constrained Westside market. Its proximity to downtown, outdoor attractions, walkable retail, and strong rental fundamentals underscore its positioning for future rent growth and investor returns.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

26

PRICE/UNIT

$136,538

CAP RATE

6.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raintree Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C-5

APN/PARCEL ID

74101-08-001

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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