1512 South Corona Ave Colorado Springs, CO 80905

The property at 1512 S Corona Ave presents an opportunity to acquire a stabilized multifamily investment in Colorado Springs, Colorado. The property generates $10,320 in current monthly rents, producing approximately $131,500 in annual gross income and $110,460 in net operating income. This represents an 8.8% in-place cap rate at the $1,250,000 list price. The property consists of eight renovated one-bedroom units positioned to serve the workforce housing demand in Colorado Springs. Units average approximately 420–450 square feet and have undergone improvements within the last 24 months, including new appliances, flooring, windows, doors, and electrical upgrades. Operational efficiency is enhanced through a RUB utility reimbursement system, which offsets utility costs and supports a low operating expense ratio of approximately 16%. Colorado Springs continues to experience population and employment growth driven by major regional employers including Fort Carson, Peterson Space Force Base, and Schriever Space Force Base. With average market rents approaching $1,800 across the metro area, the property offers both immediate cash flow and long-term rent growth potential. This offering is suited for cash-flow investors, owner-operators, and 1031 exchange buyers seeking stabilized income with embedded upside in one of Colorado’s fastest-growing markets. The property size is 3,140 square feet.