318 Ruxton Ave - Multi-Family FOR SALE


Manitou Springs, CO 80829
$995,000 USD
720-939-2943
318 Ruxton Ave, Manitou Springs, CO for Sale
$995,000 USD
Multi-Family - FOR SALE
1/15
null | 6.38% Cap Rate

318 Ruxton Ave
Manitou Springs, CO 80829


HIGHLIGHTS

  • Potential 7%+ cap rate investment via self-management
  • Irreplaceable location in Manitou Springs
  • Unique charm with riverside location
  • All 1bd/1ba units that are rarely vacant
  • Well maintained asset on nearly half acre of land

OVERVIEW

NorthPeak Commercial Real Estate Advisors is please to present this rare opportunity to acquire a fully occupied, character-rich income property along one of Manitou Springs’ most iconic corridors. Situated creekside on Ruxton Avenue — the storied route to the Manitou Incline, Barr Trail, and the Pikes Peak Cog Railway — this six-unit portfolio spans three addresses (318, 320, and 324 Ruxton) on nearly half an acre of land. All six one-bedroom units are accessed via a pedestrian bridge over Manitou Creek. Each unit offers it’s own unique charm which results in long term tenants who appreciate this exceptional location and special community. Offered at $995,000, this property offers investors above market returns for a professionally managed asset in an irreplaceable location. Those willing to handle property management themselves, as the current owner has done for years, will enjoy nearly a 7%+ Cap rate investment.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,331 SF

ZONING

-

APN/PARCEL ID

-

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 Notice.