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Red Rock Manor Apartments

Posted: 9/13/2023
18 Units
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About

About Red Rock Manor Apartments

Cushman & Wakefield is pleased to present Red Rock Manor Apartments, an 18-unit multifamily apartment complex located in Central Manitou Springs. The property consists of sixteen 2 bed/1 bath units, one 1 bed/1 bath unit and one studio unit. Most of the 2 bed units offer spacious living areas and have undergone recent renovations. Investors have the ability to acquire a property of size that is conveniently located near Downtown Manitou Springs and is a rare multifamily investment opportunity where there is limited supply in the market.

This multifamily asset is ideally situated in the west side submarket of Manitou Springs. Its prime location, near outdoor recreation, dining & retail centers, provides a strong foundation for attracting and retaining quality long-term tenants. The attractiveness of this asset is magnified by the solid in place returns, flexible debt options and limited number of performing properties available in this market.

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