$1,725,000
Active

2918-2920 W Bijou

Colorado Springs, CO 80904
10855 sqft | 8 beds | 0.74 acres | #6013353
Listing OfficeCushman & Wakefield
Browse 12 photos

Description

Cushman & Wakefield is pleased to present Leisure Apartments, an exceptional multifamily real estate offering located in Old Colorado City. The property consists of 8 units offering one bedroom and one-bathroom units. Boasting a prime location and excellent walkability to a plethora of dining options, shopping destinations, and entertainment venues, this property presents an ideal living experience for residents. The property offers plenty of parking for tenants, on-site laundry & extra storage facilities. Situated with easy access to HWY 24 and I-25, residents can enjoy seamless commutes and convenient connectivity to surrounding areas. The nearby attractions of Manitou Springs as well as Downtown COS add to the property’s allure. With 8 well-appointed units in a meticulously well-cared for building, Leisure Apartments presents itself as a diverse and attractive investment opportunity. Whether seeking an already solid income-generating property or an opportunity to enhance value, Leisure Apartments stands as an enticing investment option for those desiring to profit off the thriving real estate market in Colorado Springs.
Leisure Apartments presents an excellent opportunity for value creation and potential upside. Notably, a majority of units have undergone unit renovations showcasing the property’s commitment to enhancing the living experience for residents. This value-add strategy has positioned the asset to command higher rental rates and attract tenants seeking updated living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income. Please contact Lee Wagner with any questions 417-459-2155

  • Property Details
      • Utility FeaturesElectricity Available, Natural Gas Available
      • School DistrictColorado Springs 11
      • SubdivisionOld Colorado City
      • Sewer InformationPublic Sewer
      • Original List Price$1,725,000
      • Property SubtypeQuadruplex
      • Structure TypeQuadruplex
      • High SchoolCoronado
      • CountyEl Paso
      • MLS #6013353
      • Cost1725000
      • MLS #6013353
      • Utility SourcePublic
      • Taxes Annual$2,271
      • Square Feet10855
      • Acres0.74
      • Year Built1964
      • Elementary SchoolWest
      • Middle SchoolWest
      • Bedrooms8

Location

Christine Sullivan | Coldwell Banker Realty BKReal Estate Group
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