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1184 Mazatlan Cir 4 Unit Apartment Building $575,000 ($143,750/Unit) 7.55% Cap Rate Colorado Springs, CO 80910
Investment Highlights
- Recent interior unit renovations
- Room for rent growth
Executive Summary
Cushman & Wakefield is pleased to present 1184 Mazatlan Cir, a multifamily property in South Central Colorado Springs, known for its strong rental market. Each unit of this property features 2 bedrooms and 1 bathroom, providing residents with spacious and comfortable living spaces, in unit washer/dryer hookups and fireplaces. Unit upgrades include LVP flooring, bedroom carpet, paint and cabinet hardware. Residents can enjoy access to shopping, dining, and entertainment with proximity to the Academy Blvd Corridor, HWY 24 and I-25. The property’s location and features make it an attractive choice for residents, reducing vacancy risks and providing opportunities for rent growth.
Additionally, any future renovations or improvements may further enhance the property’s value. Whether you’re an experienced investor looking to expand your portfolio or a first-time multifamily investor, this four-unit property provides an excellent opportunity to capitalize on the thriving rental market in Colorado Springs.
Additionally, any future renovations or improvements may further enhance the property’s value. Whether you’re an experienced investor looking to expand your portfolio or a first-time multifamily investor, this four-unit property provides an excellent opportunity to capitalize on the thriving rental market in Colorado Springs.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $575,000 | Building Class | C |
| Price Per Unit | $143,750 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 3,212 SF |
| Cap Rate | 7.55% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PUD - Planned Unit Development | ||
| Price | $575,000 |
| Price Per Unit | $143,750 |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | PUD - Planned Unit Development |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Property Taxes
| Parcel Number | 64223-14-208 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $42,470 |
Property Taxes
Parcel Number
64223-14-208
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$42,470
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1184 Mazatlan Cir
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