2521 Astrozon Circle, Colorado Springs, CO 80916
Local realty services provided by:LUX Real Estate Company ERA Powered
2521 Astrozon Circle,Colorado Springs, CO 80916
$650,000
- - Beds
- - Baths
- 3,536 sq. ft.
- Multi-family
- Active
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.
Contact an agent
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)
New listings near 2521 Astrozon Circle
- New
$414,500Active4 beds 3 baths2,280 sq. ft.2115 Warwick Lane, Colorado Springs, CO 80909
MLS# 1971888Listed by: RE/MAX REAL ESTATE GROUP LLC - New
$330,000Active1 beds 1 baths936 sq. ft.521 E Brookside Street, Colorado Springs, CO 80905
MLS# 7483473Listed by: KELLER WILLIAMS PARTNERS - New
$440,000Active4 beds 4 baths2,253 sq. ft.6142 Mumford Drive, Colorado Springs, CO 80925
MLS# 2908881Listed by: THE CUTTING EDGE - New
$579,000Active2 beds 2 baths3,232 sq. ft.5968 Haster Grove, Colorado Springs, CO 80927
MLS# 3457885Listed by: HARMONY REAL ESTATE GROUP, INC - New
$250,000Active1 beds 1 baths821 sq. ft.5378 Palomino Ranch Point #101, Colorado Springs, CO 80923
MLS# 9444907Listed by: BUY SMART COLORADO - New
$720,000Active5 beds 4 baths3,129 sq. ft.4955 Rabbit Mountain Court, Colorado Springs, CO 80924
MLS# 5022740Listed by: EXP REALTY LLC - New
$499,900Active4 beds 4 baths2,847 sq. ft.1073 Antrim Loop, Colorado Springs, CO 80910
MLS# 7343585Listed by: SHAWCROFT REALTY INC - New
$750,000Active3 beds 4 baths3,716 sq. ft.4223 Star Vista Court, Colorado Springs, CO 80906
MLS# 5278347Listed by: REMAX PROPERTIES - New
$335,000Active4 beds 2 baths1,732 sq. ft.7170 Painted Rock Drive, Colorado Springs, CO 80911
MLS# 8565382Listed by: BERKSHIRE HATHAWAY HOME SERVICES ROCKY MTN REALTORS - New
$429,900Active3 beds 3 baths1,622 sq. ft.8186 Grey Bark Way, Colorado Springs, CO 80908
MLS# 6085005Listed by: THE PLATINUM GROUP