5525 Bowden Loop - Apartments FOR SALE


Colorado Springs, CO 80915- Rustic Hills
$625,000 USD
303-887-4955
5525 Bowden Loop, Colorado Springs, CO for Sale
$625,000 USD
Apartments - FOR SALE
1/9
null | 5.99% Cap Rate

5525 Bowden Loop
Colorado Springs, CO 80915
Rustic Hills


HIGHLIGHTS

  • Supply-Constrained Workforce Housing Location Near Major Employment Anchors
  • Well-Positioned Along an Established Retail and Grocery Corridor
  • Amenity-Rich Unit Features with Tenant- Responsible Utility Structure

OVERVIEW

MMG Real Estate Advisors is pleased to present 5525 Bowden Loop, a 4-unit multifamily property located in the Rustic Hills neighborhood on the east side of Colorado Springs, Colorado — the state's second-largest city, roughly 70 miles south of Denver. Situated just off Palmer Park Boulevard and Space Center Drive along the Powers Boulevard / Academy Boulevard retail corridor, the property offers a small-scale, turnkey value-add opportunity in a supply-constrained workforce-housing submarket. With one unit already turned and achieving proven rent premiums, incoming ownership can capture significant loss-to lease recapture by systematically upgrading the property's remaining classic units.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

4

PRICE/UNIT

$156,250

CAP RATE

5.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,177 SF

ZONING

PUD AO

APN/PARCEL ID

64014-01-029

ASK ABOUT THIS PROPERTY

303-887-4955

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303-887-4955

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