The Bonfoy and Delaware Drive 2 Multifamily Properties Offered at $6,600,000 in Colorado Springs, CO
INVESTMENT HIGHLIGHTS
- Two Well Maintained Assets in Colorado Springs
- 70% of Units have been Updated
- Ample Off-Street Parking
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present two exceptional multifamily investment opportunities in Colorado Springs: The Bonfoy Apartments and Delaware Drive Apartments.
The Bonfoy Apartments is a well-maintained, 32-unit community ideally located in the heart of downtown, just steps from Memorial Park and the city's most desirable amenities. The property offers a diverse unit mix, including eight 400-square-foot studios, eighteen 575-square-foot one-bedroom, one-bathroom units, and six 820-square-foot two-bedroom, one-bathroom units. Recent capital improvements, such as a resurfaced parking lot, new railings and stairs, and upgraded boilers, enhance the property's long-term value. Delaware Drive Apartments is an 18-unit apartment community positioned near downtown and the Citadel Mall, providing convenient access to key metro destinations. The property features a unit mix of six 575-square-foot one-bedroom, one-bathroom units and twelve 725-square-foot two-bedroom, one-bathroom units.
Both properties present a compelling opportunity for investors seeking well-maintained assets in prime locations within the thriving Colorado Springs market.
The Bonfoy Apartments is a well-maintained, 32-unit community ideally located in the heart of downtown, just steps from Memorial Park and the city's most desirable amenities. The property offers a diverse unit mix, including eight 400-square-foot studios, eighteen 575-square-foot one-bedroom, one-bathroom units, and six 820-square-foot two-bedroom, one-bathroom units. Recent capital improvements, such as a resurfaced parking lot, new railings and stairs, and upgraded boilers, enhance the property's long-term value. Delaware Drive Apartments is an 18-unit apartment community positioned near downtown and the Citadel Mall, providing convenient access to key metro destinations. The property features a unit mix of six 575-square-foot one-bedroom, one-bathroom units and twelve 725-square-foot two-bedroom, one-bathroom units.
Both properties present a compelling opportunity for investors seeking well-maintained assets in prime locations within the thriving Colorado Springs market.
PROPERTY FACTS
| Price | $6,600,000 |
| Price / SF | $200.00 / SF |
| Cap Rate | 6.51% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 33,000 SF |
| Total Land Area | 0.96 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
The Bonfoy Apartments
112 Bonfoy Ave, Colorado Springs, CO 80909 |
Multifamily | 20,850 SF | 1963 | - |
|
Delaware Place
1010 Delaware Dr, Colorado Springs, CO 80909 |
Multifamily | 12,150 SF | 1970 | - |
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