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This 11.47 Acre site is a well-located parcel in North Colorado Springs, near the intersection of Voyager Parkway and Old Ranch Road. The immediate submarket is anchored by InterQuest Parkway and has become one of the most prominent and active growth corridors in the region with a mix of commercial, retail, entertainment, recreation, education, health services and residential uses. The area is dominated by several large master planned communities including The Farm and Flying Horse Ranch to the North, Pine Creek to the South, and Wolf Ranch and Cordera to the East. Housing demand is very strong in this submarket and many of these large legacy communities are either built out or approaching close out. Multi-family rental communities in this area have steady occupancy levels and comparable rent rates to the proposed product. Given the growth and demand of the Northgate submarket and the unique product offering, this site poses an exciting opportunity for future development. Current Zoning: R5/SS
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2210 Old Ranch Road
11.47 Acres
2210 Old Ranch Road
Colorado Springs, CO  80908
Type:  Land
Posted: 10/13/2023
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

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:  Multifamily
Posted: 8/4/2023

This 20+ acre shovel ready site is a well-located parcel in the Bradley Heights community of Southeast Colorado Springs, near the S Powers corridor and Bradley Road. The immediate submarket is anchored by S Powers Blvd and has become one of the most prominent and active growth corridors in the region, with a mix of commercial, retail, aviation, recreation, education, and residential uses. The area is dominated by several large master planned developments including the Peak Innovation Park, Amazon warehouse hub, Colorado Springs Airport and United States Space Force. The Bradley Heights site sits within a growing mixed-use development containing new single-family homes, multifamily, commercial, business center, church, parks, and an elementary and middle school. In addition, this site is 12 miles to Downtown Colorado Springs and only minutes from the 2,000+ acre master planned airport business park. Housing demand is very strong in this submarket. Given the growth and demand of this submarket, the allowable density up to 24.99 DU/Acre, and the unique product offering, this site presents an exciting opportunity for future development.

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Bradley Heights
20 Acres
5915 Big Johnson Drive
Colorado Springs, CO  80925
Type:  Land
Posted: 2/2/2024

Cushman & Wakefield is pleased to present Bunnell Apartments, a well maintained 16-unit apartment community located in the heart of Colorado Springs. The property is located blocks from North Academy Blvd and Powers Blvd, with quick access to Downtown Colorado Springs, West of Peterson Space Force Base, the Colorado Springs Airport and Palmer Park. The current ownership has self-managed the property with a long-term hold strategy while focusing on improving every aspect of the property. The Bunnell Apartments presents a unique prospect to acquire a renovated value-add asset with an opportunity to implement professional management and finish interior renovations to significantly boost annual NOI.

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Bunnell Apartments
   
3933 E San Miguel Street
Colorado Springs, CO  80909
Posted: 4/11/2024

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:  Multifamily
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:  Multifamily
Posted: 7/21/2023

Cushman & Wakefield is pleased to present Early Sun Drive, a 2.77-acre development site located between South Academy Blvd and Valley Hi Golf Course. While the property is currently zoned as MX-N and is fit to occupy both multifamily, office and retail locations, plans are already available for a 34-unit townhome development. Early Sun is centrally located on Academy Blvd. 10 minutes East of Downtown Colorado Springs and 10 minutes from the Colorado Springs Airport, Fort Carson, Peterson Space Force Base, and the brand-new Peak Innovation Park. The Peak Innovation Park is a new 1,600-acre master planned airport business park home to multiple Fortune 100 businesses including Amazon, Northrop Grumman, Coca-Cola, Pepsi, Frito-Lay and The Aerospace Corporation.

Seller Financing Available—please contact the listing team for terms.

Current plans for 34 townhomes consisting of large 3-bed, 3-bath, and 2-car garage units.

Architectural Design & Structural Engineering plans prepared and ready to submit to PPRBD.

Civil Engineering plans have been submitted to the city—Survey done by Galloway, Subdivision, Streets, Utilities, Detention Pond.

Centrally located site on Valley Hi Golf Course with quick access North/South via Academy Blvd and East/West via Airport Rd and Fountain Blvd.

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Early Sun Drive
2.77 Acres
638 Lakewood Circle
Colorado Springs, CO  80910
Type:  Land
Posted: 1/22/2024

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:  Multifamily
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:  Multifamily
Posted: 9/13/2023
- 8% In-Place Cap Rate. - Great investment opportunity with immediate cash flow, also primed for an owner occupant. - Properties are also available to be purchased individually. Royal Crest Portfolio is an exciting opportunity comprised of 12 units located in the Southwest submarket of Pueblo, CO. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from its close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent 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. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s longterm value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.
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Royal Crest Portfolio
12 Units
37, 43 & 49 Royal Crest Drive
Pueblo, CO  81005
Type:  Multifamily

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:  Multifamily
Posted: 8/14/2023