$725,000
For Sale
4364 sqft | 2 beds | #7323386
Listing OfficeCushman & Wakefield
Browse 15 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

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.

  • Property Details
      • Sewer InformationOther Water/Sewer, Community
      • Utility SourceOther Water/Sewer
      • SubdivisionHaynes Addition
      • Property SubtypeIncome Property
      • Property TypeMulti-Family
      • Elementary SchoolColumbia
      • CountyEl Paso
      • MLS #7323386
      • MLS #7323386
      • High SchoolPalmer
      • Cost725000
      • Middle SchoolNorth
      • Square Feet4364
      • Year Built1893
      • Bedrooms2
      • Parking Spaces6

Location

Darlene Partin | Resident RealtyReal Estate Group
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