2105 E Platte Ave Colorado Springs, CO 80909

This well-maintained, 21-unit motel in Colorado Springs, Colorado presents a compelling investment opportunity. Built in 1929 and located at 2105 E Platte Ave, zip code 80909, this independent property boasts a strong rental history. The asking price is $1,990,000. The property includes a manager's living quarters, a significant advantage for operational efficiency and oversight. This spacious apartment comprises 1,624 square feet, featuring two bedrooms and two bathrooms, and currently generates a monthly rental income of $2,000. Adding to the property's income potential are 88 storage units, providing additional revenue streams. Situated in El Paso County, the motel benefits from a prime location in Colorado Springs. The property's solid history, combined with the income-generating apartment and storage units, makes it an attractive prospect for investors seeking a stable and profitable hospitality investment. Detailed financial records are available upon request. This is a turnkey operation ready for a new owner to step in and continue its success. The property's age adds to its character and charm, while its well-maintained condition ensures immediate operational readiness.