2521 Astrozon Circle, Colorado Springs, CO 80916
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2521 Astrozon Circle,Colorado Springs, CO 80916
$650,000
- - Beds
- - Baths
- 3,536 sq. ft.
- Multi-family
- Pending
Listed by: andrew stephensandrew.stephens@marcusmillichap.com,303-328-2034
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:8059195
Source:ML
Price summary
- Price:$650,000
- Price per sq. ft.:$183.82
About this home
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today’s renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency.
This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs.
Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado’s most dynamic rental markets.
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Home facts
- Year built:1984
- Listing ID #:8059195
Rooms and interior
- Living area:3,536 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1984
- Building area:3,536 sq. ft.
Schools
- High school:Sierra High
- Middle school:Panorama
- Elementary school:Giberson
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$183.82
- Tax amount:$1,942 (2024)
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