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318 Ruxton Ave
Manitou Springs, CO 80829
Multifamily Property For Sale
·
6 Units
Executive Summary
Northpeak Commercial Real Estate Advisors is please to present this rare opportunity to acquire a fully occupied, character-rich income property along
one of Manitou Springs’ most iconic corridors. Situated creekside on Ruxton Avenue — the storied route to the Manitou Incline, Barr Trail, and the Pikes Peak Cog Railway — this six-unit portfolio spans three addresses (318, 320, and 324 Ruxton) on nearly half an acre of land.
All six one bedroom units are accessed via a pedestrian bridge over Manitou Creek. Each unit offers it’s own unique charm which results in long term tenants who appreciate this exceptional location and special community.
Offered at $975,000, this property offers investors above market returns for a professionally managed asset in an irreplaceable location. Those willing to handle property management themselves, as the current owner has done for years, will enjoy nearly a 7%+ cap rate investment.
one of Manitou Springs’ most iconic corridors. Situated creekside on Ruxton Avenue — the storied route to the Manitou Incline, Barr Trail, and the Pikes Peak Cog Railway — this six-unit portfolio spans three addresses (318, 320, and 324 Ruxton) on nearly half an acre of land.
All six one bedroom units are accessed via a pedestrian bridge over Manitou Creek. Each unit offers it’s own unique charm which results in long term tenants who appreciate this exceptional location and special community.
Offered at $975,000, this property offers investors above market returns for a professionally managed asset in an irreplaceable location. Those willing to handle property management themselves, as the current owner has done for years, will enjoy nearly a 7%+ cap rate investment.
Property Facts
| Price Per Unit | $162,500 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 2,834 SF |
| Cap Rate | 7% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1919 |
| Property Type | Multifamily |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.54 AC |
| Building Size | 2,834 SF |
| No. Stories | 1 |
| Year Built | 1919 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 473 |
Property Taxes
| Parcel Number | 74064-20-034 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $26,420 |
Property Taxes
Parcel Number
74064-20-034
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$26,420
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