25 31St St Colorado Springs, CO 80904
- Commercial real estate
- 18,192 SF
- 0.65 lot acres
Current Use by Public Records
- Westside Station / Apartment Building
Property Details for 25 31St St
- Year built
- 1972
- Lot size
- 0.65 lot acres
- Property size
- 18,192 SF
- Property type
- Commercial real estate
Description
Westside Station, a 24-unit apartment building in desirable Old Colorado City, Colorado Springs (80904), presents a compelling investment opportunity. This 18,192 square foot property, situated on 0.65 acres, offers a diverse unit mix: predominantly two-bedroom units, supplemented by seven one-bedroom units and a single studio. All units have undergone recent renovations, boasting granite countertops, contemporary cabinetry, stainless steel appliances, and new luxury vinyl plank (LVP) flooring. The property's prime location provides residents with convenient access to a vibrant neighborhood featuring numerous restaurants, bars, and entertainment venues, all within walking distance. Ample tenant parking is available. Recent exterior improvements include fresh paint, and the property also features a communal BBQ area and a private dog park for residents' enjoyment. Built in 1972, this well-maintained multifamily asset benefits from its location adjacent to Garden of the Gods Park and represents a strong investment in a thriving Colorado Springs submarket. The property's combination of updated units, desirable location, and attractive amenities makes it an exceptional opportunity for investors seeking a well-positioned, high-performing multifamily asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.87114084174
- Latitude
- 38.854046111261
