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21984541
21984530

6970 Peyote Way, Colorado Springs, CO 80919 For Sale

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
JD
CO 100084990
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
$869,000
512 days on market
Updated 2 days ago

6970 Peyote Way

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,088
Net Rentable (SqFt) 4,088
Units 4
Cap Rate 8.12%
NOI $70,530
Occupancy 100%
Price per SqFt $213
Class B
Year Built 1985
Buildings 1
Stories 2
Lot Size (SqFt) 10,035
Zoning R5
Investment Type Core

Multifamily | 4 Units | $217,250/unit

Marketing description

Cushman & Wakefield is pleased to present 6970 Peyote Way, a 4-unit multifamily property in one of the best areas of town, Northwest Colorado Springs. The property features 1,000 sqft two-story townhome style units with two bedrooms and one and a half bathrooms. Each unit has washer/dryer hookups, individually metered gas/electric and front/rear entrances. The property has off-street parking, updated windows, a new roof in 2021 and has seen all four water heaters replaced from 2019-2023. This west side location provides residents access to major tech employers along west Garden of the Gods Road, as well short drives to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park. with an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city.

Investment highlights

  • Townhome style units approximately 1,000 SF with 2 beds, 1.5 baths and in-unit washer/dryer hookups

  • Supply constrained area on the northwest side of Colorado Springs adjacent to Wilson Ranch Community

  • New roof in 2021 and 4 new water heaters

Listing Contacts

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
JD
CO 100084990
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$70,530.00
$5,877.50/mo

Valuation Metrics

0
DSCR
8.12%
Cap Rate
8.12%
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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