3925 E San Miguel St Colorado Springs, CO 80909

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.