2 Locations

1512 & 1518 S Corona Ave presents a rare opportunity to acquire a 14-unit stabilized multifamily asset in Colorado Springs, Colorado. This turnkey investment delivers immediate cash flow with institutional-quality operating performance, supported by a proven rent roll and exceptionally low expense structure.

The property is fully occupied with 14 leased one-bedroom/one-bath units (420–450 SF) and generates $17,965 in monthly rental income including pet rent. Trailing twelve-month financials reflect $228,840 in gross income and $192,080 in NOI, producing an attractive 8.8% in-place cap rate with an operating expense ratio of only 16%.

All major capital improvements have been completed within the last 24 months, including new appliances, flooring, windows, doors, electrical upgrades (2025), and roof replacement on the 1518 building (2024). A RUB utility reimbursement system further enhances NOI stability and offsets operating costs.

Located in one of Colorado’s fastest-growing markets, Colorado Springs benefits from a diverse employment base anchored by military and defense installations including Fort Carson, Peterson Space Force Base, and Schriever Space Force Base. Area average market rents approach $1,800/month, positioning the asset for continued rent growth and long-term appreciation.

This offering is ideally suited for cash-flow investors, owner-operators, and 1031 exchange buyers seeking stabilized income with embedded upside.