Log In/Sign Up
Your email has been sent.
126 W Cheyenne Rd 2 Unit Apartment Building $599,000 ($299,500/Unit) Colorado Springs, CO 80906
Investment Highlights
- Duplex Investment Opportunity located nearby Ivywild and Broadmoor
- Strong Rental Demand Location- desirable rental submarket within Colorado Springs
- Spacious Two-Bedroom Floor Plans with front and rear entrance
- Dedicated Off-Street Parking- 2-car detached garage and 2-car carport
Executive Summary
124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling 1,801 square feet. Units feature functional two-bedroom, one-bathroom, and two-bedroom, one and one half-bathroom floor plans designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting.
The property offers four off-street parking spaces, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term
appreciation potential.
Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area’s most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado’s most desirable places to live.
Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.
The property offers four off-street parking spaces, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term
appreciation potential.
Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area’s most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado’s most desirable places to live.
Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $599,000 | Lot Size | 0.21 AC |
| Price Per Unit | $299,500 | Building Size | 1,801 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Building Class | C | ||
| Zoning | PDZ R-2 | ||
| Price | $599,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 1,801 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | PDZ R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 64302-15-039 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $27,950 |
Property Taxes
Parcel Number
64302-15-039
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$27,950
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
