3925 E San Miguel St Colorado Springs, CO 80909
Well-maintained 16-unit apartment building with value-add potential near downtown.
Property size:
13,574 SFProperty Features for 3925 E San Miguel St
General Information
- Standard status
- Active
- Size
- 13,574 SF
Building Details
- Year built
- 1965
Source:
Corcoran
Listing Agent: Andrew Vollert
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Colorado Springs Multifamily Investment Opportunity
Oakwood Bend is a 16-unit apartment building located in Colorado Springs. The property features a unit mix with over 50% of the units configured as two-bedrooms. Most leases are currently month-to-month, providing flexibility for a new owner to implement rent increases and utility reimbursements. Recently signed leases are achieving strong rental rates. The property is located 10 minutes from downtown and within walking distance of the Citadel Mall and surrounding shopping centers. Multiple grocers, including Walmart SuperCenter, are a short drive away, and the asset is near the area’s primary thoroughfares. Recent capital improvements include a newly repaved and re-striped off-street parking lot, a fully remodeled exterior with re-stained brick, and upgraded common areas. The property is equipped with double-pane vinyl windows, in-unit thermostats for tenant-controlled heating, and individual electric meters with direct tenant billing. Additional amenities include on-site laundry, 24-hour access with security cameras, and a 1:1 parking ratio. The property has 9 two-bedroom units and 7 one-bedroom units. All units have new GE 100-amp electrical panels. There is an opportunity to implement RUBs to recover utility costs and enhance NOI. Seller Financing is available. The property size is 13574 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Greenbriar Apts
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.7555236
- Latitude
- 38.8509136
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 16-unit apartment building with value-add potential near downtown.
Where is this apartment building located?
The property is located at 3925 E San Miguel St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: - Strong rental upside with month-to-month leases and recently signed leases achieving high rental rates.; - Desirable unit mix with over 50% two-bedroom units.; - Prime location: Just 10 minutes from downtown and walking distance to Citadel Mall and shopping centers.