624 N Weber St - Apartments FOR SALE


Colorado Springs, CO 80903- Shooks Run
$950,000 USD
720-939-2943
624 N Weber St, Colorado Springs, CO for Sale
$950,000 USD
Apartments - FOR SALE
1/13
null | 5.83% Cap Rate

624 N Weber St
Colorado Springs, CO 80903
Shooks Run


HIGHLIGHTS

  • Priced well below comps
  • Central Colorado Springs location
  • Walking distance to Colorado College and Ed Robson Arena
  • Upside potential adding washer/dryer to building

OVERVIEW

624 N Weber St. is a 7-unit apartment building located in downtown Colorado Springs, CO, just blocks from Colorado College campus and hundreds of downtown restaurants, shops and local businesses. The building offers classic Victorian appeal with unique charm and architecture that appeals to tenants seeking character-rich homes in a central, vibrant location. 624 Weber is brought to market with 100% occupancy. The property offers a variety of units, which are turned with vinyl flooring, new paint and various updates to kitchens and baths. Units rent quickly and the property offers investors a robust revenue stream in a first class location. The 600 block of North Weber in Colorado Springs is a central location that is merely steps to Colorado College and CC hockey games at the new Ed Robson Arena. Investors have the opportunity to add value to this classic, well located asset while enjoying cash flow from day one.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

7

PRICE/UNIT

$135,714

CAP RATE

5.83%

% 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

1888

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R5, Colorado Springs

APN/PARCEL ID

64074-16-010

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.