750 East Kiowa, Colorado Springs, CO 80903
Local realty services provided by:LUX Real Estate Company ERA Powered
750 East Kiowa,Colorado Springs, CO 80903
$725,000
- - Beds
- - Baths
- 4,364 sq. ft.
- Multi-family
- Active
Listed by:nic polaskiNic.Polaski@cushwake.com,719-238-9074
Office:cushman & wakefield
MLS#:7323386
Source:ML
Price summary
- Price:$725,000
- Price per sq. ft.:$166.13
About this home
Cushman & Wakefield is excited to present the opportunity to acquire a well-positioned 5-unit multifamily property located at 750 East Kiowa Street in the highly desirable area of Colorado Springs. Featuring a balanced unit mix with one, two, and three bedroom units, this property offers a unique blend of location, tenant demand, and significant potential for value creation, making it an exceptional addition to any investment portfolio. 750 East Kiowa Street benefits from a premier location in one of the most sought-after neighborhoods in Colorado Springs. Located just outside of Downtown, tenants have easy access to the area’s best amenities, including a wide range of dining, retail, and entertainment options, offering the best of both worlds: proximity to the vibrant city center and the tranquility of a more residential setting. The property also offers substantial upside potential with under-market rents, providing an opportunity for the new owner to realize a strong return on investment by aligning rents with current market rates. This potential for rent increases enhances the overall appeal of the property and positions it well for long-term financial growth. This property is strategically located in a rapidly growing market, offering a stable income stream with substantial upside potential. The combination of a strong location near Downtown and Colorado College, an attractive unit mix, and the opportunity to adjust rents to market rates makes 750 East Kiowa Street a rare and valuable investment opportunity.
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Home facts
- Year built:1893
- Listing ID #:7323386
Rooms and interior
- Living area:4,364 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1893
- Building area:4,364 sq. ft.
Schools
- High school:Palmer
- Middle school:North
- Elementary school:Columbia
Utilities
- Sewer:Community Sewer
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$166.13
- Tax amount:$2,065 (2024)
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