221-225 E Brookside St | Colorado Springs, CO 80905
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- LoopNet Team
221-225 E Brookside St
Colorado Springs, CO 80905
Sapphire Apartments · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Attractive price-per-unit - property can be acquired at a price 30% below average price-per-unit of properties sold in metro area in last 12 months.
- Rare urban renewal opportunity - Sapphire is located within South Nevada Urban Renewal Plan.
- Huge growth in Millennial population - recent study says, millennials are moving to Colorado Springs at a higher rate than anywhere in the nation.
- Major CapEx complete - including new roofs with a taper system, upgraded 6” gutters and downspouts, exterior paint, retaining walls, decks, and more.
- Near major developments -The Ivywild neighborhood, the gateway between downtown and the Broadmoor, is undergoing a massive resurgence.
- Double-digit cash-on-cash returns - the property offers day one double digit cash-on-cash returns upon acquisition.
PROPERTY FACTS
| No. Units | 22 | Building Size | 11,913 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 0.64 AC | Cross Streets | S Nevada Ave |
| Zoning | C5 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 11,913 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.35/1,000 SF |
| Cross Streets | S Nevada Ave |
| Zoning | C5 |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $697.00 | - |
| 1+1 | 14 | $821.00 | - |
| 2+1 | 4 | $836.00 | - |
| 3+1 | 1 | $1,025 | - |
PROPERTY TAXES
| Parcel Number | 64194-13-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $145,070 |
PROPERTY TAXES
Parcel Number
64194-13-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$145,070
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