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2001 & 2019 Carmel DrColorado Springs, CO 80910
Marmont Springs
Asset ClassMultifamily
Square Feet46,328
# Units: 87Occupancy: 90%Year Built: 1970Access Data Room
Southeast Submarket of Colorado Springs
overview of deal

Overview

Cushman & Wakefield is excited to introduce the exclusive listing of the Marmont Springs Apartments, a lucrative investment opportunity located in Colorado Springs. This 87-unit value add property property features all 625 square foot one bedroom, one bathroom units. The Marmont Springs Apartments are strategically located in close proximity to military installations, retail centers, the Colorado Springs Airport, Peak Innovation Park, and major transportation routes, providing a strong foundation for attracting and retaining tenants. The property’s value-add potential, with 80% of the units already renovated, offers an opportunity to capture additional upside and maximize rental income. Current ownership has recently made significant capital improvements that include new windows, new parking lot, new paint, boiler systems, common area hallways with updated lighting and LVP flooring, as well as new signage/ branding. The Marmont Springs Apartments are positioned to capitalize on the thousands of new job announcements in the direct area and future growth on the east side of Colorado Springs.

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Investment Highlights

  • 87 unit community near military installations, retail centers and the Colorado Springs Airport
  • The property boasts new exterior paint, parking lot, windows, and boiler system
  • 80% of the interiors have been upgraded and are primed for future rent growth and repositioning
  • Under market rents, with the ability to strategically renovate unit interiors and command market rate values
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2001 & 2019 Carmel DrColorado Springs, CO 80910
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Listing provided by Revere CRE