Renovated Twelve-Unit Apartment
For Sale
Contact for pricing
305 May Dr, Colorado Springs, CO 80905
Renovated twelve-unit apartment community with studio, one-bedroom, and two-bedroom units, plus off-street parking.
Property Size7,128 SF
Lot Size0.54 Acres
Days on Market124
Property Features for 305 May Dr
General Information
Standard status
Active
Size
7,128 SF
Lot size
0.54 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Amenities
BBQ picnic areas
Building Details
Tenancy
Multi
Listing Agency:
Unique Properties, Inc
(214) 616-2695
Listed By:
Phil Dankner · License #CO FA.100052493
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 1:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Unique Properties, Inc
Investment Insights
Based on property information with market context.
This renovated twelve-unit apartment community includes two studio units, eight one-bedroom units, and two two-bedroom units. The property has undergone complete interior and exterior renovation with new windows and siding, remodeled interiors featuring new flooring and paint, updated kitchen cabinets and bathrooms, and washer/dryer hookups. Exterior improvements also include newer BBQ picnic areas, and the roof is also newer.
The building is situated on a 23,535-square-foot lot with plenty of off-street parking. The property is described as conveniently located within 3 miles of the Broadmoor and within walking distance to new restaurants, retail, and grocery in Colorado Springs.
With a mix of unit types and extensive updates throughout, the community offers a straightforward operating foundation for continued income growth.
The building is situated on a 23,535-square-foot lot with plenty of off-street parking. The property is described as conveniently located within 3 miles of the Broadmoor and within walking distance to new restaurants, retail, and grocery in Colorado Springs.
With a mix of unit types and extensive updates throughout, the community offers a straightforward operating foundation for continued income growth.
Key Highlights
- Renovated 12‑unit apartment community (7,128 SF) in Colorado Springs
- Unit mix: 2 studios, 8 one‑bedrooms, and 2 two‑bedrooms
- Complete interior and exterior renovation, including new windows and siding
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 80905, CO
17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated twelve-unit apartment community with studio, one-bedroom, and two-bedroom units, plus off-street parking.
Where is this apartment building located?
The property is located at 305 May Dr Colorado Springs, CO.
What are key features of this property?
This property features: Renovated 12‑unit apartment community (7,128 SF) in Colorado Springs; Unit mix: 2 studios, 8 one‑bedrooms, and 2 two‑bedrooms; Complete interior and exterior renovation, including new windows and siding
