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10 Via Maria Theresia
Manitou Springs, CO 80829
Multifamily Property For Sale
·
14 Units
Executive Summary
Access Property Page Here For More Info & Pictures:
https://royalarmsapartments.sharplaunch.com/
10 Via Maria Theresia (The Royal Arms Apartments) presents a rare opportunity to acquire a 14-unit value-add multifamily asset in the highly supply-constrained Manitou Springs market. Built in 1952, adjacent to the foothills near Garden of the Gods, the property offers a desirable unit mix of efficient studio apartments (approximately 375 square feet) and spacious one-bedroom units ranging from approximately 500 to 900 square feet, catering to the area's strong demand for attainable housing.
Ideally situated with convenient access to both Manitou Springs and Old Colorado City, residents enjoy proximity to a vibrant mix of local shops, restaurants, entertainment, and outdoor recreation. The property's established operating history, consistently strong occupancy, and dependable tenant base—supported by nearby employers and the area's thriving tourism industry—provide a solid foundation for future ownership. With opportunities to enhance operations and increase value, The Royal Arms Apartments represents a compelling investment in one of the Pikes Peak region's most desirable submarkets.
https://royalarmsapartments.sharplaunch.com/
10 Via Maria Theresia (The Royal Arms Apartments) presents a rare opportunity to acquire a 14-unit value-add multifamily asset in the highly supply-constrained Manitou Springs market. Built in 1952, adjacent to the foothills near Garden of the Gods, the property offers a desirable unit mix of efficient studio apartments (approximately 375 square feet) and spacious one-bedroom units ranging from approximately 500 to 900 square feet, catering to the area's strong demand for attainable housing.
Ideally situated with convenient access to both Manitou Springs and Old Colorado City, residents enjoy proximity to a vibrant mix of local shops, restaurants, entertainment, and outdoor recreation. The property's established operating history, consistently strong occupancy, and dependable tenant base—supported by nearby employers and the area's thriving tourism industry—provide a solid foundation for future ownership. With opportunities to enhance operations and increase value, The Royal Arms Apartments represents a compelling investment in one of the Pikes Peak region's most desirable submarkets.
Property Facts
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| No. Units | 14 | Building Size | 6,036 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1952 |
| Apartment Style | Low-Rise | Parking Ratio | 3.8/1,000 SF |
| Zoning | LDR | ||
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 6,036 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 3.8/1,000 SF |
| Zoning | LDR |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 74044-01-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $132,120 |
Property Taxes
Parcel Number
74044-01-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$132,120
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