Property summary
This exceptional 4-unit apartment building, located at 1043 Mazatlan Cir, Colorado Springs, CO 80910, presents a compelling value-add investment opportunity. Built in 1984, this two-story building sits on a 9,174 sq ft lot and offers 2,982 sq ft of living space. Each of the four units boasts two bedrooms and one bathroom, featuring recent upgrades including LVP flooring, new carpet in bedrooms, fresh paint, and updated cabinet hardware. In-unit washer/dryer hookups are also provided. The… property currently enjoys 100% occupancy, generating a strong NOI of $41,505, with a pro-forma NOI projected at $51,523, representing a 6.98% cap rate and a pro-forma cap rate of 8.66%. The asking price is $595,000, translating to $199.53 per square foot and $148,750 per unit. Seven parking spaces are available for residents. The property is zoned PUD and benefits from its convenient location near the Academy Blvd Corridor, Highway 24, and I-25, providing easy access to shopping, dining, and entertainment. Tenants are responsible for all utilities, minimizing operational expenses. The strong rental market in South Central Colorado Springs, coupled with the recent renovations and potential for rent increases, makes this a highly attractive investment with significant upside potential. This property is ideal for both seasoned and first-time multifamily investors seeking a stable, high-return investment in a thriving market.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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