Description
presents a rare opportunity to acquire a 14-unit stabilized multifamily asset in Colorado Springs, Colorado. This turnkey investment delivers immediate cash flow with institutional-quality operating performance, supported by a proven rent roll and exceptionally low expense structure.The property is fully occupied with 14 leased one-bedroom/one-bath units (420–450 SF). Trailing twelve-month financials reflect an attractive 8.8% in-place cap rate with an operating expense ratio of only 16%. All major capital improvements have been completed within the last 24 months, including new appliances, flooring, windows, doors, electrical upgrades (2025), and roof replacement on the 1518 building (2024). A RUB utility reimbursement system further enhances NOI stability and offsets operating costs.Located in one of Colorado’s fastest-growing markets, Colorado Springs benefits from a diverse employment base anchored by military and defense installations including Fort Carson, Peterson Space Force Base, and Schriever Space Force Base.
-
0BEDS
-
0.37ACRES
-
0BATHS
-
01/2 BATHS
Listing provided courtesy of Better Homes and Gardens Real Estate Kenney & Company: 719-550-1515.Description
presents a rare opportunity to acquire a 14-unit stabilized multifamily asset in Colorado Springs, Colorado. This turnkey investment delivers immediate cash flow with institutional-quality operating performance, supported by a proven rent roll and exceptionally low expense structure.The property is fully occupied with 14 leased one-bedroom/one-bath units (420–450 SF). Trailing twelve-month financials reflect an attractive 8.8% in-place cap rate with an operating expense ratio of only 16%. All major capital improvements have been completed within the last 24 months, including new appliances, flooring, windows, doors, electrical upgrades (2025), and roof replacement on the 1518 building (2024). A RUB utility reimbursement system further enhances NOI stability and offsets operating costs.Located in one of Colorado’s fastest-growing markets, Colorado Springs benefits from a diverse employment base anchored by military and defense installations including Fort Carson, Peterson Space Force Base, and Schriever Space Force Base.
The Kibler Group | Keller Williams Partners- Licensed in the State of Colorado.
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS. 2026-04-20T23:40:51.59.