Colorado Springs, CO 80907

Property Description

Cushman & Wakefield is pleased to present 2903 Sage Street, a 5 unit multifamily asset in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 5 units, is located in the westside submarket of Colorado Springs, CO. The property offers one 3-bedroom, 1-bathroom unit and the remaining four are all 1-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods and UCCS. 2903 Sage Street is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property is 100% occupied.