124 & 126 W Cheyenne Road
Multifamily Opportunity | 2 Units
Marketing description
124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling 1,801 square feet. Units feature functional two-bedroom, one-bathroom, and two-bedroom, one and one half-bathroom floor plans designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting.
The property offers four off-street parking spaces, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term appreciation potential.
Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area's most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado's most desirable places to live.
Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.
Investment highlights
- Well-maintained two-unit multifamily property offering investors a straightforward and efficient ownership opportunity in a desirable Colorado Springs location.
- Units feature a two-bedroom, one-bathroom, and a two-bedroom, one and one half-bathroom layout, and in-unit washer dryers appealing to a broad tenant base seeking comfortable living.
- Situated along the West Cheyenne Road corridor, the property benefits from proximity to employment centers, retail amenities, outdoor recreation, and major transportation routes.
- Unit 124 features a two-car carport and unit 126 offers a detached two car garage and driveway.
- With just two units and approximately 1,801 square feet, the property offers an attractive option for both first-time and experienced multifamily investors seeking a manageable investment.
- Built in 1956, the property is located within the renown Broadmoor neighborhood supported by the continued population growth, economic expansion, and strong housing fundamentals of Colorado Springs.
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