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316 E Brookside
Colorado Springs, CO 80905
Brookside (Ivywild) Apartments · Multifamily Property For Sale
·
17 Units
Investment Highlights
- 3.93% Assumable Loan Fixed Through 03/01/2031
- Recently paved and striped parking lot reduces near-term capital costs while enhancing curb appeal, safety, and overall property value for buyers
- On-Site Coin-Op Laundry, Additional Tenant Storage, Off-street Parking
- 0.5 Miles to Colorado Creekwalk & Downtown Colorado Springs
- Ten 2 Bed/1 Bath Units, Seven 1 Bed/1 Bath Units
Executive Summary
Cushman & Wakefield is pleased to present The Brookside (Ivywild) Apartments. This property stands as an established 17-unit apartment complex located in the heart of “Olympic City USA” Colorado Springs, Colorado. This well-maintained complex offers a favorable and desirable mix of upgraded 1-bedroom and 2-bedroom units, offering an attractive investment with predictable in-place returns. The property offers an Assumable Agency Loan fixed through 2031 with a 3.93% percent rate.
Recent renovations ensure lowered maintenance expenses and increased tenant satisfaction, adding to its long-term profitability & stability. Residents also enjoy the onsite laundry, ample off-street parking, and prime location in the Ivywild & North Nevada Redevelopment corridor. The property’s proximity near Hwy 25 & Downtown Colorado Springs provides easy access to major transportation and nearby amenities, including upscale dining such as Prime 25, retail shops like Lululemon, Veda Spa, and two major grocery stores including the newly constructed Sprouts Farmers Market.
Recent renovations ensure lowered maintenance expenses and increased tenant satisfaction, adding to its long-term profitability & stability. Residents also enjoy the onsite laundry, ample off-street parking, and prime location in the Ivywild & North Nevada Redevelopment corridor. The property’s proximity near Hwy 25 & Downtown Colorado Springs provides easy access to major transportation and nearby amenities, including upscale dining such as Prime 25, retail shops like Lululemon, Veda Spa, and two major grocery stores including the newly constructed Sprouts Farmers Market.
Property Facts
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Sale Condition | 1031 Exchange | Building Size | 13,440 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1968/2021 |
| Apartment Style | Low-Rise | Parking Ratio | 1.49/1,000 SF |
| Zoning | C-5,Colorado Springs - Commercial | ||
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 13,440 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1968/2021 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | C-5,Colorado Springs - Commercial |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 - 800 |
| 2+1 | 7 | - | 800 - 1,000 |
Property Taxes
| Parcel Number | 64194-12-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $173,660 |
Property Taxes
Parcel Number
64194-12-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$173,660
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