The Bonfoy and Delaware Drive Aprtments Multi-Family FOR SALE


Colorado Springs, CO - Memorial Park
$5,900,000 USD
303-328-2041
, Colorado Springs, CO for Sale
$5,900,000 USD
Multi-Family - FOR SALE
1/25
null | 6.92% Cap Rate

The Bonfoy and Delaware Drive Aprtments
Colorado Springs, CO
Memorial Park


HIGHLIGHTS

  • Prime Location Near Downtown Colorado Springs
  • Varied Unit Mix of Studios, One and Two Bedroom Units
  • Majority Of Units Have Been Updated
  • Significant Capital Improvements Across Both Buildings

OVERVIEW

1010 Delaware Dr in Colorado Springs, CO. This well-maintained, 18-unit apartment community features a unit mix of six one-bedroom, one-bathroom units measured at 575 square feet each and twelve two-bedroom, one-bathroom units each measuring 725 square feet. Near Downtown Colorado Springs and Citadel Mall, the property offers an ideal location close to the metro’s most popular amenities. Additionally, the asset has undergone significant capital improvements, including recent upgrades to 70 percent of the units, installation of commercial grade security cameras, new high efficiency water heater and resurfaced parking lot in June 2025. The interior has also received improvements in the form of new flooring, modernized appliances and updated kitchen fixtures. A strong foundation of recent capital improvements and a thriving local rental market reflects this apartment asset’s strong position as an investment opportunity. The Bonfoy Apartments, an excellent investment opportunity located in the heart of downtown Colorado Springs. This well-maintained, 32-unit multifamily asset is ideally situated within walking distance of Memorial Park and offers convenient access to the city's most desirable amenities. The property features a diverse unit mix of seven studio apartments, each measuring 400 square feet, eighteen one-bedroom and one-bathroom units, each measuring 565 square feet, and seven two-bedroom and one-bathroom units, each measuring 820 square feet. Several capital improvements have been made to enhance the property’s long-term value, including a resurfaced parking lot, new railings and stairs and upgraded boilers. Likewise, improvements have been made to enhance the interior like vinyl plank flooring, spacious closets, stainless-steel appliances and bathrooms with contemporary fixtures.

ASK ABOUT THIS PROPERTY

Boomer BeattyMarcus & MillichapMore Info
303-328-2041

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

Boomer BeattyMarcus & MillichapMore Info
303-328-2041

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