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21983556
21983571

750 E Kiowa St, Colorado Springs, CO 80903

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
$725,000
469 days on market
Updated 2 days ago
Opportunity zone

750 E Kiowa Street

Details
APN 6417215022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,364
Net Rentable (SqFt) 4,364
Units 5
Cap Rate 5.46%
NOI $39,608
Occupancy 100%
Pro-Forma Cap Rate 8.08%
Pro-Forma NOI $58,582
Price per SqFt $166
Class C
Year Built 1893
Buildings 1
Stories 2
Lot Size (SqFt) 13,113
Zoning R4
Investment Type Value Add
Occupancy Date 02/21/2025

DESIRABLE LOCATION JUST OUTSIDE OF CORE DOWNTOWN COLORADO SPRINGS AND NEARBY COLORADO COLLEGE

Marketing description

Cushman & Wakefield is excited to present the opportunity to acquire a well-positioned 5-unit multifamily property located at 750 East Kiowa Street in the highly desirable area of Colorado Springs. Featuring a balanced unit mix with one, two, and three bedroom units, this property offers a unique blend of location, tenant demand, and significant potential for value creation, making it an exceptional addition to any investment portfolio. 750 East Kiowa Street benefits from a premier location in one of the most sought-after neighborhoods in Colorado Springs. Located just outside of Downtown, tenants have easy access to the area’s best amenities, including a wide range of dining, retail, and entertainment options, offering the best of both worlds: proximity to the vibrant city center and the tranquility of a more residential setting. The property also offers substantial upside potential with under-market rents, providing an opportunity for the new owner to realize a strong return on investment by aligning rents with current market rates. This potential for rent increases enhances the overall appeal of the property and positions it well for long-term financial growth. This property is strategically located in a rapidly growing market, offering a stable income stream with substantial upside potential. The combination of a strong location near Downtown and Colorado College, an attractive unit mix, and the opportunity to adjust rents to market rates makes 750 East Kiowa Street a rare and valuable investment opportunity.

Investment highlights

  • DESIRABLE LOCATION JUST OUTSIDE OF CORE DOWNTOWN COLORADO SPRINGS AND NEARBY COLORADO COLLEGE

  • FAVORABLE UNIT MIX WITH ONE-, TWO-, AND THREE-BEDROOMS

  • EXCELLENT WALKABILITY WITH A SCORE OF 78

  • PLETHORA OF DINING, COFFEE, & ENTERTAINMENT OPTIONS NEARBY

  • UNDER MARKET RENTS WITH OPPORTUNITY TO INCREASE INCOME

  • UNITS OFFER FIREPLACES AND THERE IS PLENTY OF OFF-STREET PARKING

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,608.00
$3,300.67/mo

Valuation Metrics

0
DSCR
5.46%
Cap Rate
5.46%
ROI

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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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