Log In/Sign Up
Your email has been sent.
750 E Kiowa St
Colorado Springs, CO 80903
Incredible Downtown Location- Value Add Play · Multifamily Property For Sale
·
5 Units
Investment Highlights
- DESIRABLE LOCATION JUST OUTSIDE OF CORE DOWNTOWN COLORADO SPRINGS AND NEARBY COLORADO COLLEGE
- FAVORABLE UNIT MIX WITH ONE-, TWO, AND THREE-BEDROOMS
- UNDER MARKET RENTS WITH OPPORTUNITY TO INCREASE INCOME
Executive Summary
Cushman & Wakefield is excited to present the opportunity to acquire a well-positioned 5-unit multifamily property located at 750 East Kiowa Street in the highly desirable area of Colorado Springs. Featuring a balanced unit mix with one, two, and three bedroom units, this property offers a unique blend of location, tenant demand, and significant potential for value creation, making it an exceptional addition to any investment portfolio. 750 East Kiowa Street benefits from a premier location in one of the most sought-after neighborhoods in Colorado Springs. Located just outside of Downtown, tenants have easy access to the area’s best amenities, including a wide range of dining, retail, and entertainment options, offering the best of both worlds: proximity to the vibrant city center and the tranquility of a more residential setting.
The property also offers substantial upside potential with under-market rents, providing an opportunity for the new owner to realize a strong return on investment by aligning rents with current market rates. This potential for rent increases enhances the overall appeal of the property and positions it well for long-term financial growth.
This property is strategically located in a rapidly growing market, offering a stable income stream with substantial upside potential. The combination of a strong location near Downtown and Colorado College, an attractive unit mix, and the opportunity to adjust rents to market rates makes 750 East Kiowa Street a rare and valuable investment opportunity.
The property also offers substantial upside potential with under-market rents, providing an opportunity for the new owner to realize a strong return on investment by aligning rents with current market rates. This potential for rent increases enhances the overall appeal of the property and positions it well for long-term financial growth.
This property is strategically located in a rapidly growing market, offering a stable income stream with substantial upside potential. The combination of a strong location near Downtown and Colorado College, an attractive unit mix, and the opportunity to adjust rents to market rates makes 750 East Kiowa Street a rare and valuable investment opportunity.
Property Facts
| Price Per Unit | $145,000 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,364 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1893 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2 R4, CO Springs | ||
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,364 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1893 |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 R4, CO Springs |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 64172-15-022 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $61,640 |
Property Taxes
Parcel Number
64172-15-022
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$61,640
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
