Property summary
This exceptional four-unit apartment building in Colorado Springs, CO, presents a compelling value-add investment opportunity. Located at 1184 Mazatlan Cir, 80910, this two-story property, built in 1984, sits on a spacious 9,605-square-foot lot and offers 3,212 square feet of living space. Currently boasting 100% occupancy, the property features recently renovated interiors with LVP flooring, new carpet, stainless steel appliances, and fresh paint in each of the four two-bedroom, one-bathroom… units. Each unit includes in-unit washer/dryer hookups and fireplaces. The property includes six parking spaces and is zoned PUD. The current Net Operating Income (NOI) is $43,699, yielding a 7.05% cap rate. However, a pro-forma NOI of $50,803 projects an 8.19% cap rate, reflecting the potential for significant rent growth. One unit is currently vacant, presenting an immediate opportunity for owner-occupancy or lease-up at market rates. The property's prime location near Academy Blvd Corridor, Highway 24, and I-25 provides easy access to shopping, dining, and entertainment, minimizing vacancy risk and maximizing rental income potential. This property is priced at $620,000 ($155,000 per unit) and offers a strong return on investment for both seasoned and first-time multifamily investors.
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
Similar Nearby for Sale
Similar Nearby for Lease
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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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