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127 University Drive Colorado Springs, CO 80910
Monthly Payment (Est.)$2,915
Cushman & Wakefield is pleased to present the University Drive Apartments, a recently renovated quadruplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the Southeast submarket of Colorado Springs, CO. The property offers 2-bedroom, 1-bathroom apartment homes with recent renovations. The property benefits from its close proximity to several employers including Amazon, Wal-Mart, Starbucks, Lowes, big-box retailers and various dining. Additionally, the property’s adjacency to nearby parks and suburban neighborhoods such as Valley Hi Golf Course, Wagner Park and Leon Young Sports Complex allow new coming residents to feel right at home. University Drive Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. University Drive Apartments stands as an enticing opportunity to join the growing real estate market in Colorado Springs, CO. Recent Renovations: Many of the units at the University Drive Apartments have undergone recent renovations. Updates include new flooring and fresh paint throughout. Furthermore, several units have received new bathroom vanities, new tub surrounds and updated lighting. New exterior paint and roofs completed in 2022. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned this property with great in-place rents, immediate cash flow and predictable returns. Most leases have appealing rental rates of $1300 or greater.
|3 months ago||Listing updated with changes from the MLS|
|3 months ago||Listing first seen online|
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