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6970 Peyote Way 4 Unit Apartment Building $879,000 ($219,750/Unit) 6.73% Cap Rate Colorado Springs, CO 80919
INVESTMENT HIGHLIGHTS
- Townhome style units approximately 1,000 SF with 2 beds, 1.5 baths and in-unit washer/dryers
- Well maintained building with large capital expenditures including new roof in 2021 and 4 new water heaters
- Supply constrained area on the northwest side of Colorado Springs adjacent to Wilson Ranch Community
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present 6970 Peyote Way, a 4-unit multifamily property in one of the best areas of town, Northwest Colorado Springs. The property features 1,000 sqft two-story townhome style units with two bedrooms and one and a half bathrooms. Each unit has washer/dryer hookups, individually metered gas/electric and front/rear entrances. The property has off-street parking, updated windows, a new roof in 2021 and has seen all four water heaters replaced from 2019-2023.
This West side location provides residents access to major tech employers along west Garden of the Gods Road, as well short drives to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park. with an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city.
Investment Highlights
- Townhome style units approximately 1,000 SF with 2 beds, 1.5 baths and in-unit washer/dryers
- Supply constrained area on the northwest side of Colorado Springs adjacent to Wilson Ranch Community
- Well maintained building with large capital expenditures including new roof in 2021 and 4 new water heaters
This West side location provides residents access to major tech employers along west Garden of the Gods Road, as well short drives to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park. with an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city.
Investment Highlights
- Townhome style units approximately 1,000 SF with 2 beds, 1.5 baths and in-unit washer/dryers
- Supply constrained area on the northwest side of Colorado Springs adjacent to Wilson Ranch Community
- Well maintained building with large capital expenditures including new roof in 2021 and 4 new water heaters
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $879,000 | Building Class | C |
| Price Per Unit | $219,750 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,088 SF |
| Cap Rate | 6.73% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.96/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5/CR HS | ||
| Price | $879,000 |
| Price Per Unit | $219,750 |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,088 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R5/CR HS |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | - |
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PROPERTY TAXES
| Parcel Number | 73104-06-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $55,680 |
PROPERTY TAXES
Parcel Number
73104-06-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$55,680
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6970 Peyote Way
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