Listing Agency: Colorado Group w***@coloradogroup.com Show Phone

Listed By: Wade Arnold · License #CO FA40023353

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 7:34AM

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Investment Insights

Based on property information with market context.

This apartment property contains 12 units arranged as three studios, eight one-bedroom/one-bath residences, and one two-bedroom/one-bath residence. Outdoor patios complement the mountain setting, while water service is supplied by an artesian spring. The property has been held since 1998 and is reported as 100% occupied, with leases extending through the end of July 2018.

The community is located at 194 Artesian Drive in Eldorado Springs, near Eldorado Springs Pool, Eldorado State Park, and Boulder County open space trails. Boulder is approximately a five-minute drive, with Golden about 15 minutes away and Denver approximately 30 minutes away. The property offers a mix of compact and larger residential layouts within a low-density setting.

Key Highlights

• 12‑unit apartment property with three studios, eight 1‑bedroom/1‑bath units, and one 2‑bed/1‑bath unit
• 100% occupied with leases running through the end of July 2018
• Outdoor patios and mountain views

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

100%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Explore this area Business Placement

Demographics for 80025, CO

212

Population

46

Households

4.6

Avg Household Size

44

Median Age

97%

College-Educated

100%

High-School Grad

4.1 sq mi

ZIP Area

52

Density / Sq Mi

$128,145

Median Household Income

$643,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Twelve-unit community with varied floor plans, outdoor patios, and artesian spring water service.

Where is this apartment building located?

The property is located at 194 Artesian Drive Eldorado Springs, CO.

What are key features of this property?

This property features: 12‑unit apartment property with three studios, eight 1‑bedroom/1‑bath units, and one 2‑bed/1‑bath unit; 100% occupied with leases running through the end of July 2018; Outdoor patios and mountain views