Marmont Springs Apartments
Multifamily | 87 Units
Marketing description
Cushman & Wakefield is excited to introduce the exclusive listing of Marmont Springs Apartments, a lucrative investment opportunity located in the vibrant city of Colorado Springs. This multifamily asset, comprised of 87 units, is ideally situated in the southeast submarket of Colorado Springs. Its prime location, in close proximity to military installations, retail centers, Colorado Springs Airport and major transportation routes, provides a strong foundation for attracting and retaining tenants. The property’s value-add potential, with 80% of the units already renovated, offers an opportunity to capture additional upside and maximize rental income. Current ownership has also improved major Capital Expenditures on this property, which include new windows, new parking lot, boiler systems, common area hallways with updated lighting and LVP flooring, as well as new signage/ branding and exterior paint. The Marmont Springs Apartments are teed up to capitalize on the thousands of new job announcements in the direct area and future growth on the east side of Colorado Springs.
Investment highlights
87 unit community near military installations, retail centers and the Colorado Springs Airport
The property boasts new exterior paint, parking lot, windows, and boiler system
80% of the interiors have been upgraded and are primed for future rent growth and repositioning
Under market rents, with the ability to strategically renovate unit interiors and command market rate values
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