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Courtyard on Willamette

2625 East Willamette Avenue, Colorado Springs, CO 80909

$1,545,000

40 Units | Multifamily

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Multifamily Property For Sale - In Contract

Price:
$1,545,000
No. Units:
40
Building Size:
23,900 SF
Price/Unit:
$38,625
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.80%
Listing ID
18344882
Last Updated
57 days ago

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Highlights

  • Strong returns on in-place income
  • High occupancy and rising rents
  • New roof and boiler
  • Central location with great visibility
  • Strong market fundamentals

Description

The Courtyard on Willamette is a 40-unit investment opportunity located in the heart of Colorado Springs.

Few blocks from The Citadel; centrally located near the E. Platte Ave. retail and restaurant corridor; proximity to downtown Colorado Springs

Financial Summary

Unit Mix Information

  • Actual
  • $134,140

Map of 2625 East Willamette Avenue, Colorado Springs, CO 80909 (El Paso County)

Research for 2625 East Willamette Avenue, Colorado Springs, CO 80909 (El Paso County)

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Terrance's Other Listings

Asking Price Index Trends for Colorado Springs, CO Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$81,243+5.6%+2.3%

View Colorado Springs Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 9/6/2013
Courtyard on Willamette
  • Multifamily
  • $1,545,000
  • 40 Units
  • 23,900 SF