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22471172
22471173

2001 Carmel Dr, Colorado Springs, CO 80910

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
PK
CO 100081304
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
Unpriced
439 days on market
Updated 57 days ago

Marmont Springs Apartments

Details
APN 6427307015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 46,328
Net Rentable (SqFt) 46,328
Units 87
Occupancy 95%
Year Built 1970
Buildings 3
Stories 3
Acreage 2.350
Zoning R5
Occupancy Date 03/24/2025
Sale Condition 1031 exchange

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

Listing Contacts

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
PK
CO 100081304
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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