3349 E Fountain Blvd, Colorado Springs, CO 80910

49-Unit Value-Add Multifamily Investment | Renovated Units | Strong Rent Upside | Colorado Springs, CO

CBRE is proud to offer The Lofts at Rock Vue, a compelling opportunity to acquire a well-maintained 49-unit multifamily community in the rapidly growing Colorado Springs market with significant capital improvements already completed and immediate rental upside remaining.

Originally constructed in 1971, the property has undergone extensive upgrades since 2023, including unit interior renovations, electrical panel replacements, structural foundation improvements, a new boiler system, new fitness center, security system installation, and numerous exterior improvements. Current ownership has invested substantial capital into the asset, creating a well-positioned property with modernized interiors and reduced near-term capital requirements for the next investor.

The property consists of 49 units across four buildings with an attractive mix of primarily one-bedroom and two-bedroom loft-style floorplans averaging 781 square feet. The distinctive loft layouts and private balconies/patios provide a differentiated product within the competitive set.

Current effective rents average approximately $1,002 per unit, which remains below comparable properties in the submarket, presenting the next owner with the opportunity to capture meaningful rent growth through continued operational optimization and lease rollovers. Market comparisons indicate the property is charging roughly $139 below comparable rents, representing clear near-term revenue upside.

Strategically located near the intersection of Academy Boulevard and Fountain Boulevard, the property benefits from convenient access to two of Colorado Springs’ largest employment hubs. The nearby Aviation Corridor supports over 50,000 jobs, while Downtown Colorado Springs anchors more than 32,000 jobs, supporting strong and consistent renter demand.

Colorado Springs continues to experience strong economic and population growth driven by defense, aerospace, healthcare, and technology employment, while high homeownership costs have created a significant affordability gap between renting and owning. Residents at the property currently enjoy an estimated 70% cost savings compared to homeownership in the surrounding area, further supporting long-term rental demand.

With significant renovations completed, attractive in-place rents relative to market, and strong employment drivers nearby, The Lofts at Rock Vue represents an excellent opportunity for investors seeking stable cash flow with clear upside in one of Colorado’s fastest growing multifamily markets.