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20348922
20348923

316 E Brookside St, Colorado Springs, CO 80905

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
$2,550,000
601 days on market
Updated 29 days ago

Brookside (IvyWild) Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,440
Units 17
Cap Rate 5.51%
Occupancy 94%
Pro-Forma Cap Rate 7.47%
Pro-Forma NOI $190,365
Class C
Year Built 1968
Year Renovated 2021
Buildings 1
Stories 3
Lot Size (SqFt) 14,000
Zoning MX-M
Parking Spaces 17 spaces
Parking Per SqFt 1.26
Investment Type Value Add

Assumable Financing Available @ 3.93%- Located in the South Nevada Redevelopment Corridor

Marketing description

Cushman & Wakefield is pleased to present The Brookside (Ivywild) Apartments. This property stands as an established 17-unit apartment complex located in the heart of “Olympic City USA” Colorado Springs, Colorado. This well-maintained complex offers a favorable and desirable mix of upgraded 1-bedroom and 2-bedroom units, offering an attractive investment with predictable in-place returns. The property offers an Assumable Agency Loan fixed through 2031 with a 3.93% percent rate.

Recent renovations ensure lowered maintenance expenses and increased tenant satisfaction, adding to its long-term profitability & stability. Residents also enjoy the onsite laundry, ample off-street parking, and prime location in the Ivywild & North Nevada Redevelopment corridor. The property’s proximity near Hwy 25 & Downtown Colorado Springs provides easy access to major transportation and nearby amenities, including upscale dining such as Prime 25, retail shops like Lululemon, Veda Spa, and two major grocery stores including the newly constructed Sprouts Farmers Market.

Listing Contacts

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado

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Additional Information

Name
Lee Wagner
License
CO 100084704
Brokerage
Cushman & Wakefield
Brokerage Phone
4174592155
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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