3611 East San Miguel Street, Colorado Springs, CO 80909

Cushman & Wakefield is pleased to present the San Miguel East Apartments, an exceptional multifamily investment opportunity located at 3611 E San Miguel Street in Colorado Springs, CO. This 24-unit complex is ideally situated near North Academy Boulevard, offering a combination of strong rental demand, convenient access to shopping, dining, entertainment, and significant potential for growth. Whether you're an experienced investor or new to the market, this property presents an outstanding chance to acquire a well-maintained asset, poised for both immediate cash flow and long-term value appreciation.

The unit mix of 21 one-bedroom units and 3 two-bedroom units include renovated kitchens, cabinets, LVP flooring, and bathroom upgrades. Currently, 60% of the property has been renovated, with many units already benefiting from substantial upgrades. These renovations have introduced modern layouts designed to maximize both space and comfort, enhancing the property's overall appeal. For investors, this offers a unique opportunity to capitalize on existing improvements, while adding minimal upgrades, unlocking additional value. In addition to its immediate income potential, the San Miguel East Apartments present significant long-term growth prospects. The completed renovations provide a strong foundation for investors to capitalize on Colorado Springs' growing popularity and the ongoing demand for rental housing.

Colorado Springs has become a rapidly growing market, driven by a robust job sector, an expanding economy, and a steadily increasing population. This growth has fostered a consistent demand for rental properties, particularly in neighborhoods like the one surrounding the San Miguel East Apartments. The property's proximity to major shopping centers, restaurants, and recreational areas ensures continued tenant demand and stable occupancy rates. For investors, this area's strong economic outlook and thriving rental market create a reliable environment for sustained income generation and long-term profitability.