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Cushman & Wakefield is pleased to present the Columbine West Apartments, an exceptional multifamily opportunity, located in the heart of Pueblo West, Colorado. This wellmaintained property features a total of 16 units between four buildings, each with 3 spacious 2-bed and 1-bath units, and one 1-bed and 1-bath unit. The Columbine West Apartments appeal to a wide range of prospective residents looking for single level living in Pueblo West. The Columbine West Apartment’s prime location in Pueblo West offers easy access to a multitude of dining, entertainment, and retail options as well as convenient commutes to Pueblo & Canon City. There is currently a limited supply of apartment units in Pueblo West, which will continue as the city plans to limit new construction into the future. Additionally, this property presents an enticing opportunity for potential investors to maximize returns through operational improvements and continued interior renovations. Investors can create instant equity (can immediately increase returns) by implementing a utility bill-back program and increasing rents to market. The Columbine West Apartments are perfectly positioned to capitalize on the limited supply of apartments, increasing rents, and high rental demand in the desirable Pueblo West market.

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1010 & 1016 E Mallon Drive
16 Units
1010 & 1016 E Mallon Drive
Pueblo, CO  81007
Type: Conventional
Posted: 8/4/2023

Cushman & Wakefield is pleased to present 1646 Routt St, an exciting opportunity comprised of (9) units in Lakewood CO. This opportunity is primed for an investor looking to benefit from predictable in-place returns as well as reap the reward of continuing to increase rents to market level. The property offers 8 spacious, 2-bedroom & 1-bathroom style apartment homes and one 1-bedroom, 1-bathroom unit. The property benefits from its location in Lakewood, which is a highly sought-after submarket of Denver for owners and renters alike. The property’s location affords tenants quick access to major employers, roadways and local transit with easy accessibility to Red Rocks Amphitheater, Bear Creek Open Space, and Apex Mountain Bike Trail. This property is perfectly positioned to capitalize on the limited supply and high rental demand in the Lakewood market. Investors will enjoy the advantage of minimal maintenance required for this meticulously cared for apartment. 1646 Routt offers investors the ability to own an asset in a predictable market with solid fundamentals.

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1646 Routt Street, Lakewood, CO 80215
9 Units
1646 Routt Street
Lakewood, CO  80215
Posted: 8/4/2023
Cushman & Wakefield is pleased to present 4725 W 7th Avenue, an exciting opportunity comprised of (5) units in Lakewood, CO. This opportunity is primed for an investor looking to benefit from predictable in-place returns as well as reap the reward of continuing to increase rents to market level. The property offers four spacious, 3-bedroom & 2-bathroom style apartment homes and one 2-bedroom, 2-bathroom unit, all offering a one car garage. The property benefits from its location in Lakewood, which is a highly sought-after submarket of Denver for owners and renters alike. The property’s location affords tenants quick access to major employers, roadways, and local transit with easy accessibility to Red Rocks Amphitheater, Bear Creek Open Space, and Apex Mountain Bike Trail. This property is perfectly positioned to capitalize on the limited supply and high rental demand in the Lakewood market. Investors will enjoy the advantage of minimal maintenance required for this meticulously cared for 2006-year build apartment. 4725 W 7th Ave offers investors the ability to own an asset in a predictable market with solid fundamentals and attractive financing options.
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4725 W 7th Avenue
5 Units
4725 W 7th Avenue
Denver, CO  80204
Posted: 9/20/2023

Cushman & Wakefield is pleased to present Bel Mar Apartments, an exceptional multifamily real estate offering located in Downtown Colorado Springs. The property consists of 22 units comprising 2 studio units and 20 spacious one bed, one bath units. Boasting a prime location and excellent walkability to a plethora of dining options, shopping destinations, and entertainment venues, this property presents an ideal living experience for residents. The property offers plenty of parking for tenants, private patio spaces, on-site laundry & extra storage facilities. Situated with easy access to I-25, residents can enjoy seamless commutes and convenient connectivity to surrounding areas. The nearby attractions of the new U.S. Olympic & Paralympic Museum as well as the newly built Weidner Field add to the property’s allure.

With 22 units in the heart of downtown Colorado Springs, Bel Mar Apartments presents itself as an attractive investment opportunity with 95% classic units. This unique multifamily asset presents an enticing value-add opportunity to potential investors looking to maximize returns through renovations and operational improvements.

Value-Add Potential: Bel Mar Apartments presents an excellent opportunity for value creation through interior renovations and operational improvements. Twenty units remain primed for interior renovations such as LVP flooring, shaker cabinets, countertops, appliances, and full bathroom remodel. The asset will continue to command higher rental rates and attract tenants seeking updated living spaces. Furthermore, investors have the ability to capitalize on flexible leases with immediate rental upside of approximately $300-500 per unit. Additionally, a utility bill back system can be implemented along with the rental increases to improve returns.

Central Downtown Location: Bel Mar Apartments is a legacy asset positioned in Downtown Colorado Springs. This provides tenants an attractive lifestyle with easy walkability to Downtown dining, retail & entertainment options. Bel Mar’s close proximity to the city’s economic hub of over 28,000 employees and to Colorado College, further adds to the appeal for both renters and investors alike.

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Bel Mar Apartments
22 Units
623 North Weber Street
Colorado Springs, CO  80903
Type: Conventional
Posted: 8/4/2023

Cushman & Wakefield is thrilled to present the Carefree Apartments, a highly attractive multifamily asset located in the northeast submarket of Colorado Springs. This exceptional investment opportunity consists of 18 newly converted units offering investors a chance to acquire a deal of quality and modern features. Comprised in those 18 units are 3 studio units & 15 spacious one bed- one bath units. The Carefree Apartments presents an opportunity for investors to acquire an exceptional piece of property within minutes to the beautiful Palmer Park, UCCS & University Village dining & retail. Cushman & Wakefield is pleased to present this highly sought-after opportunity and welcomes interested investors to explore the Carefree Apartments in further detail.

Newly Renovated: Carefree Apartments was renovated back in 2022 and has since been a recognized property for it conversion from office space to a multifamily asset. The property has been a functioning and revenue generating asset since its conversion as we have seen its attractive features sell its presence amongst competing multifamily apartments in the surrounding area.

Prime Location: Carefree Apartments offers residents a desirable combination of convenience and amenities, with easy access to key transportation routes and popular attractions. The proximity to retail, I-25, UCCS, & Palmer Park ensures residents have access to a wide range of shopping, dining, entertainment & recreational opportunities.

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Carefree Apartments
18 Units
3410 North Carefree Circle
Colorado Springs, CO  80917
Type: Conventional
Posted: 9/13/2023

Cushman & Wakefield is delighted to introduce Crestmoor Apartments, a lucrative investment opportunity located in the vibrant city of Colorado Springs. This multifamily asset, comprised of 29 units, is ideally situated in the heart of Colorado Springs, specifically in the northeast submarket. Its prime location, in close proximity to educational institutions, retail centers, and major transportation routes, provides a strong foundation for attracting and retaining tenants.

The property’s value-add potential, with 70% of the units already renovated, offers an opportunity to capture additional upside and maximize rental income. Furthermore, the inclusion of an assumable loan at 3.26% simplifies the financing process, adding to the overall attractiveness of this investment opportunity.

Value-Add Potential: Crestmoor Apartments presents an excellent opportunity for value creation and potential upside. Notably, 70% of the units have already undergone renovation, showcasing the property’s commitment to enhancing the living experience for residents. This value-add strategy has positioned the asset to command higher rental rates and attract tenants seeking updated and modern living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income.

Assumable Loan: In addition to its value-add potential, Crestmoor Apartments offers the advantage of an assumable loan with a fixed interest rate of 3.26%. In today’s challenging debt environment, this feature allows investors to streamline the financing process, and ultimately achieve higher returns.

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Crestmoor Apartments
29 Units
1134 Westmoreland Road
Colorado Springs, CO  80907
Type: Conventional
Posted: 7/21/2023

The Gardens at Hidden Creek is an exceptional multifamily opportunity comprised of 125 units located in southeast submarket of Colorado Springs. The property offers a range of desirable living options, including five distinctively designed studios, 1-bedroom, and 2-bedroom floor plans. In addition to the attractive unit mix, The Gardens at Hidden Creek offers the advantage of an assumable loan with a fixed interest rate of 3.25%, with interest only payments until 8/1/2026. In today’s challenging debt environment, this feature allows investors to streamline the financing process, and ultimately achieve higher returns.

Each apartment home features a host of modern conveniences and luxury amenities, such as an all-electric kitchen, balcony with patio, carpeted floors, vertical blinds, and vinyl wood grain flooring. Beyond the comfortable living spaces, The Gardens at Hidden Creek boasts an array of community amenities to enhance residents’ lifestyles. These amenities include a picturesque picnic area with barbecue facilities, a sparkling swimming pool, a state-of-the-art fitness center, a cyber cafe, a garage, and a laundry facility. Additionally, on-site maintenance and a part-time courtesy patrol ensure that residents’ needs are promptly addressed.

The property benefits from its proximity to several large Colorado Springs employers including Fort Carson, the COS Airport, and the Amazon Distribution Facility. The property’s location near public transportation routes ensures convenient access to transportation for residents. Additionally, the property’s close proximity to a Memorial park provides residents with easy access to green spaces and recreational activities.

The Gardens at Hidden Creek is perfectly positioned to capitalize on the growth and development in Colorado Springs. The city’s strong job market, expanding economy, and increasing population make it an attractive destination for renters and investors alike.

The Gardens at Hidden Creek represents a compelling investment opportunity for potential buyers. With its strong rental demand, unique unit mix, and limited competition, the property has an attractive value add story and future cash flow potential for prospective investors.

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Gardens at Hidden Creek
125 Units
1111-1123 Verde Drive
Colorado Springs, CO  80910
Type: Conventional
Posted: 9/5/2023

Cushman & Wakefield is delighted to introduce Marmont Springs Apartments, a lucrative investment opportunity located in the vibrant city of Colorado Springs. This multifamily asset, comprised of 87 units, is ideally situated in the southeast submarket of Colorado Springs. Its prime location, in close proximity to military installations, retail centers, Colorado Springs Airport and major transportation routes, provides a strong foundation for attracting and retaining tenants. The property’s value-add potential, with 80% of the units already renovated, offers an opportunity to capture additional upside and maximize rental income. Current ownership has also performed major Capital Expenditures on this property, some of which include new windows, sliding doors, boiler systems and exterior paint/maintenance.

Value-Add Potential: Marmont Springs Apartments presents an excellent opportunity for value creation and potential upside. Notably, 80% of the units have already undergone renovation, showcasing the property’s commitment to enhancing the living experience for residents. This value-add strategy has positioned the asset to command higher rental rates and attract tenants seeking updated and modern living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income.

Attractive Unit Mix: Marmont Springs Apartments offers an exceptional unit mix of all spacious 1 bed/1 bath units with most including the new vinyl flowing, updated kitchen cabinets, upgraded bathrooms, AC units and some even include private porch areas.

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Marmont Springs Apartments
87 Units
2001 Carmel Drive
Colorado Springs, CO  80910
Posted: 9/7/2023

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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Red Rock Manor Apartments
18 Units
421-425 E Fountain Place
Manitou Springs, CO  80829
Type: Conventional
Posted: 9/13/2023

Cushman & Wakefield is pleased to present the Castle Royal & Royal Crest Apartments. This opportunity consists of (4) identically constructed quadruplexes in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. Castle Royal & Royal Crest Apartments is an exciting opportunity comprised of 16 units located in the Southwest submarket of Pueblo, CO. The property offers spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The property benefits from its close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the property’s adjacency to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park allow new coming residence to feel right at home. Castle Royal & Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of this asset is magnified by the limited number of performing properties available in this market.

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Royal Crest Portfolio
16 Units
37, 43 & 49 Royal Crest Drive & 9-15 Castle Royal Drive
Pueblo, CO  81005
Type: Conventional
Posted: 8/4/2023

Cushman & Wakefield is thrilled to present the Springs Multifamily Portfolio, a highly attractive multifamily portfolio in Colorado Springs. This exceptional investment opportunity consists of 37 units spread across 9 multifamily assets, offering investors a chance to acquire a deal of size within the Springs market. The Springs Multifamily Portfolio presents an opportunity for investors to diversify their portfolio with assets in three different submarkets within Colorado Springs. The areas covered are the Sage properties on the desirable westside of the Springs, Scott Lane and Westmoreland properties on the north side near UCCS and the thriving eastside with the Bonnie Court properties. This value-add portfolio boasts a strong unit mix of mostly two-bedroom units and gives investors the opportunity to implement their value add strategy and bump current rates to market with minimal capital injection. Cushman & Wakefield is pleased to present this highly sought-after opportunity and welcomes interested investors to explore the Springs Multifamily Portfolio in further detail.

Limited Capex Needed: The Springs Multifamily Portfolio has a strong maintenance history, with three new roofs installed in the last year and significant unit upgrades have been undertaken, improving the overall quality, and attracting higher-quality tenants. Approximately half of the exteriors have also been newly painted, enhancing the visual appeal of the properties.

Submarket Fundamentals and Demand Drivers: Colorado Springs boasts robust submarket fundamentals and strong demand drivers in the multifamily sector. The western submarket offers residents convenient access to the Downtown, I-25, Garden of the Gods, and a diverse range of new retail developments. These factors contribute to high tenant demand, rentability and versatility within the market.

Prime Locations: The properties within the Springs Multifamily Portfolio offers residents a desirable combination of convenience and amenities, with easy access to key transportation routes and popular attractions. The proximity to retail, I-25, UCCS, Garden of the Gods ensures residents have access to a wide range of shopping, dining, and entertainment options.

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Springs Multifamily Portfolio
37 Units
1099 Westmoreland Road, 3810 Scott Lane, 2901, 2903, 2915 & 2919 Sage Street, 313, 314 & 321 Bonnie
Colorado Springs, CO  80907
Type: Conventional
Posted: 8/14/2023