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Red Rock Manor

421 & 425 E Fountain Pl., Manitou Springs, CO 80829

$1,197,000

18 Units | Multifamily

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Multifamily Property For Sale Get Financing

Price:
$1,197,000
No. Units:
18
Building Size:
12,996 SF
Price/Unit:
$66,500
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.30%
Lot Size:
20,164 SF
APN / Parcel ID:
7405442017
Listing ID
18387670
Last Updated
31 days ago

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Description

Turn key investment property with upside potential by merely bringing all rents up to market. Property consists of two buildings with 18 updated and well maintained units. 15 x 2/1, 2 x 2/1 & 1 x studio/1. Newer roof, windows, kitchens, baths, decks, furnaces.

Red Rock Manor is a well maintained, updated investment property located in highly desirable Manitou Springs, Colorado. This quiet location is in close proximity to schools, restaurants, shopping, trails, public transportation and much more. Units feature separate walk up entrances with breathtaking views of Pikes Peak and surrounding mountains.

Financial Summary

  • Actual
  • $87,625

Map of 421 & 425 E Fountain Pl., Manitou Springs, CO 80829 (El Paso County)

Research for 421 & 425 E Fountain Pl., Manitou Springs, CO 80829 (El Paso County)

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

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$76,906-5.9%+0.4%

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

Created 10/5/2013
Red Rock Manor
  • Multifamily
  • $1,197,000
  • 18 Units
  • 12,996 SF