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Residential West-Side Neighborhood 1322 Arch St 4 Unit Apartment Building $675,000 ($168,750/Unit) 6.18% Cap Rate Colorado Springs, CO 80904
INVESTMENT HIGHLIGHTS
- Prime Westside Location - Highly desirable area near Old Colorado City, Red Rock Open Space and Manitou Springs, attracting long-term tenants
- Stable Income Potential - Two garden level and two upper-level units provide balanced occupancy options and diversified rental appeal
- Strong Unit Mix - Four well maintained 2-bedroom, 1 bath units each with in unit washer and dryer & AC
- Lifestyle and Convenience - Tenants enjoy mountain views, ample parking, and close proximity to trails, shopping, dining, and recreation
EXECUTIVE SUMMARY
*** Great investment opportunity in ideal area of West Colorado Springs 1322 Arch Street, a well located, four-unit multifamily asset situated in the heart of Colorado Springs’ sought-after Westside. Nestled just minutes from Old Colorado City, Downtown Colorado Springs, and the world renowned Garden of the Gods. The property offers residents access to a vibrant mix of recreational amenities, boutique retail, dining, and major employment centers. Constructed in 1973, this multifamily property functional layouts that appeal to a variety of tenant profiles. The building sits on a generously sized 8520 SF lot in a quiet, established residential neighborhood and provides off-street parking(8)and mature landscaping. Colorado Springs, located in El Paso County, continues to benefit from a robust and diverse economy, underpinned by key industries such as defense, aerospace, healthcare, and technology. As housing demand in the region remains strong and new supply remains constrained, 1322 Arch Street offers a rare chance to acquire a value-add asset in one of the city’s most enduring rental markets.
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PROPERTY FACTS
| Price | $675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $168,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.18% | Building Size | 3,200 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.81/1,000 SF |
| Price | $675,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2020 |
| Parking Ratio | 2.81/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Tub/Shower
- Carpet
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 74142-10-017 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $49,770 |
PROPERTY TAXES
Parcel Number
74142-10-017
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$49,770
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Residential West-Side Neighborhood | 1322 Arch St
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