512-507-2047
3737 Red Canon Ave, Colorado Springs, CO for Sale
Apartments - FOR SALE
1/10
null | Request Cap Rate

3737 Red Canon Ave
Colorado Springs, CO 80904
West Colorado Springs


OVERVIEW

Located in a quiet neighborhood between downtown Colorado Springs and Manitou Springs and adjacent to Red Rock Open Space, Trailside Pikes Peak offers a rare opportunity: a recently renovated 10-unit apartment building in a prime location situated in unincorporated El Paso County land (outside the city limits) — meaning all 10 units are eligible for short-term rental use. Zoning & Use Flexibility: Because the property is under county jurisdiction, all 10 units can legally be operated as short-term rentals (e.g. Airbnb, VRBO) Recent Renovations (2024): Every unit was upgraded in 2024, including new kitchens, bathrooms, lighting, and appliances. All units have air conditioning. Strong Location & Lifestyle Appeal Just a 2-minute walk to Red Rock Canyon Open Space — over 1,474 acres of trails, scenic vistas, and outdoor recreation right at your doorstep. Only 3 minutes by car to the charming mountain town of Manitou Springs, with galleries, boutiques, cafés, and direct access to hiking and the Pikes Peak Cog Railway. Approximately 6 minutes to Downtown Colorado Springs and just 4 minutes to Old Colorado City, a historic district with a vibrant markets, local art, music, and boutique shops. Upside Opportunity: Convert all units to short/mid-term rentals to maximize rental income, 10-units on one property to lower per unit management expenses Strong Comparable Market Fundamentals: This neighborhood is a top performing STR sub-market, leading to strong sales for properties converted to STR’s

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

10

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,495 SF

ZONING

R-4

APN/PARCEL ID

74033-25-022

ASK ABOUT THIS PROPERTY

Brandon Sockwell2-Five Development CompanyMore Info
512-507-2047

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Brandon Sockwell2-Five Development CompanyMore Info
512-507-2047

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