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Colorado Springs 10-Home SFR Investment Rockwood Ave 10 Unit Apartment Building $2,800,000 ($280,000/Unit) 5.97% Cap Rate Colorado Springs, CO 80905
EXECUTIVE SUMMARY
Turnkey 10-home rental portfolio in Stratton Meadows with strong cash flow and professional management in place. All single-family homes—mix of 2- and 3-bedroom units—most with garages, sheds, or carports. Fully occupied with tenants on consistent payment history. Total gross monthly rent: $16,110. Annualized NOI: $167,202. Actual 5.97% cap rate (Jan 2025). Properties are individually metered, well-maintained, and located close together for efficient oversight. Excellent opportunity for 1031 exchange, SFR portfolio expansion, or fund acquisition. Potential for rental increases in a growing submarket. Contact listing agent for rent roll, financials, and full property list.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$193,320
|
$19.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,320
|
$19.33
|
| Taxes |
$8,618
|
$0.86
|
| Operating Expenses |
$26,118
|
$2.61
|
| Total Expenses |
$34,736
|
$3.47
|
| Net Operating Income |
$158,584
|
$15.86
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $193,320 |
| Annual Per SF | $19.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $193,320 |
| Annual Per SF | $19.33 |
| Taxes | |
|---|---|
| Annual | $8,618 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $26,118 |
| Annual Per SF | $2.61 |
| Total Expenses | |
|---|---|
| Annual | $34,736 |
| Annual Per SF | $3.47 |
| Net Operating Income | |
|---|---|
| Annual | $158,584 |
| Annual Per SF | $15.86 |
PROPERTY FACTS
| Price | $2,800,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 1.75 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 5.97% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Cross Streets | Harrison |
| Apartment Style | Single-Family Home | ||
| Zoning | Residential | ||
| Price | $2,800,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Cross Streets | Harrison |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 796 |
| 3+1 | 6 | - | 894 |
1 1
Walk Score®
Very Walkable (72)
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Colorado Springs 10-Home SFR Investment | Rockwood Ave
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