6950 Peyote Way, Colorado Springs, CO 80919
4 Unit Apartment Building | $910,000 ($227,500/Unit) | 6.10% Cap Rate | Colorado Springs, CO 80919
For Sale
Active
3 pictures
Asking Price $910,000
- Property Type
-
Multifamily
- Square Feet
- 4,764 SF
Listing Contacts
Nic Polaski
Jeff Dimmen
- Property Info
Property Overview
Cushman & Wakefield is pleased to present 6950 Peyote Way, a 4-unit multifamily property in one of the best areas of town, Northwest Colorado Springs. The property features 950 sq ft. two-story townhome style units, with two bedrooms and one and a half bathrooms. Each unit has in-unit washer/dryers, individually metered gas/electric and two of the units feature balconies in the front of the building. The property has off-street parking, updated windows, a new roof in 2019, and has been well cared for by the long-term owner. All units are on flexible leases with an opportunity to capitalize on the operational value add opportunity by increasing all units to market rent and implementing a utility billback system. This West side location provides residents access to major tech employers along west Garden of the Gods Road as well short drives
to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park featuring an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city.
to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park featuring an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city.
Property Details
- Class
- B
- Year Built
- 1983
- Stories
- 2
- Lot Size (sq. ft)
- 10,454 SF
- Units
- 4
Highlights
- Desirable location in Northwest Colorado Springs
- Townhome style 2 bed, 1.5 bath units with in unit W/D
- Well maintained building with recent updates and operational upside
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