VILLAS AT SKYWAY 904 Arcturus Dr 7 Unit Apartment Building $5,800,000 ($828,571/Unit) Colorado Springs, CO 80905

Welcome to the Villas at Skyway - A gem nestled at the foot of Cheyenne Mountain in the Broadmoor area of Colorado Springs. This property offers the discerning buyer an ideal opportunity to enjoy immediate cash-flow from the completed 7 townhomes while developing the remaining 10 units. No Expense was spared in the design and construction of this property. Each unit is individually parcelled and could potentially be sold separately by the new owner. Covenants do allow for short-term rental use. Each home has separately metered utilities. Paved roads, curbs and gutters span the property, making the completion of the remaining three buildings that much easier. Each unit features stucco exterior, commercial EPDM roofs, balconies and private entrances.
Tap Fees Paid & Utilities are present and stubbed for each unit to be built
Development Plans Approved by the City (inclusive of design, landscape and irrigation) (will be made available to buyer)
Stormwater Detention Pond and other Infrastructure completed
Completely Shovel-ready