Colorado Springs Multifamily Portfolio
Multifamily | 32 Units
Marketing description
Cushman & Wakefield is pleased to present the Springs Multifamily Portfolio, a highly attractive multifamily portfolio in Colorado Springs. This exceptional investment opportunity consists of 32 units spread across 8 multifamily assets, offering investors a chance to acquire a deal of size within the Springs market. The Springs Multifamily Portfolio provides an opportunity for investors to diversify their portfolio with assets in three different submarkets within Colorado Springs. The three areas of Colorado Springs these assets are situated are; the (3) Sage Street properties are on the desirable westside of the Springs adjacent to the redeveloped Fillmore and 1-25 Corridor, (2) Scott Lane and Westmoreland properties lie on the north side, near UCCS and lastly the (3) Bonnie Court properties are on the east central side of near Peterson AFB, Amazon Distribution Center and the COS Airport. This value-add portfolio boasts a desirable unit mix of mostly two-bedroom units and gives investors the opportunity to implement their value-add strategy by increasing current rents to market with minimal capital injection. This is a rare and highly sought-after portfolio opportunity; Cushman & Wakefield encourages all interested investors to explore the Springs Multifamily Portfolio in further detail.
Investment highlights
LIMITED CAPEX NEEDED:
The Springs Multifamily Portfolio has a strong maintenance history, with three new roofs installed in the last year and significant unit upgrades have been undertaken, improving the overall quality, and attracting higher-quality tenants. Approximately half of the exteriors have also been newly painted, enhancing the visual appeal of the properties.
PRIME LOCATIONS:
The properties within the Springs Multifamily Portfolio offers residents a desirable combination of convenience and amenities, with easy access to key transportation routes and popular attractions. The proximity to retail, 1-25, UCCS, Garden of the Gods ensures residents have access to a wide range of shopping, dining, and entertainment options.
SUBMARKET FUNDAMENTALS AND DEMAND DRIVERS:
Colorado Springs boasts robust submarket fundamentals and strong demand drivers in the multifamily sector. The western submarket offers residents convenient access to the Downtown, 1-25, Garden of the Gods, and a diverse range of new retail developments. These factors contribute to high tenant demand, rentability and versatility within the market
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