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29794659
29794660

107 University Dr, Colorado Springs, CO 80910

DM
MN 40492260
MRG Realty Partners
ZH
CO FA.100050116
MRG Realty Partners
Listed by MRG Realty Partners
$4,925,000
151 days on market
Updated 108 days ago

107-119 University Dr

Details
Property Type Multifamily
Sub Type Apartment Building
Units 41

Multifamily | 41 Units | $120,122/unit

Marketing description

Investment highlights

Immediate Cash Flow with Proven Value-Add Potential: The property is currently a cash-flowing asset, but there is meaningful upside potential for Net Operating Income (NOI) growth by implementing a more structured, professional management and leasing approach.

Strong Unit Renovation Momentum: Significant capital improvements have already been made, including new LVP flooring, LED lighting, updated kitchens, and fresh paint throughout, reducing future CapEx needs and supporting higher achievable rents.

Highly Desirable Unit Mix and Location: The balanced mix of 21 one-bedroom units (575 SF) and 20 two-bedroom units (700 SF) is strategically located near Innovation Park, ensuring strong tenant demand driven by new job creation in the Springs area.

Opportunity to Optimize Operations: Clear potential exists to significantly enhance income collection and streamline leasing processes, providing an immediate path to increased profitability for a new, active owner/operator.

Listing Contacts

DM
MN 40492260
MRG Realty Partners
ZH
CO FA.100050116
MRG Realty Partners
Listed by MRG Realty Partners

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