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Mountain Brook Portfolio
Asset ClassMultifamily
overview of deal

Overview

Cushman & Wakefield is thrilled to present the Mountain Brook Portfolio consisting of 319 units spread across 4 meticulously maintained communities in Colorado Springs, CO.

 

The Willowbrook Apartments, a 154-unit community with close proximity to the 5 star Broadmoor Resort and the newly redeveloped Colorado Creekwalk, offers a diverse selection of spacious living options, including (44) studios, (74) one bedroom, and (36) two bedroom units. Each apartment showcases modern finishes with updated light fixtures, plush carpeting, new paint, dishwashers, and stylish plank flooring.

 

Mountain Pointe Apartments, a meticulously cared for 71-unit community features a unit mix of (59) spacious one bedroom and (12) two bedroom units, each with large living rooms, oversized bedrooms, and walk-in closets. Units have received renovations including new vinyl plank flooring, fresh carpeting, and modern paint throughout.

 

Fountain Oaks Apartments, offers 59 total units with a diverse unit mix of (2) studios, (34) one bedroom, (20) two bedroom, and (3) three bedroom units. Each apartment features spacious layouts with modern finishes including air conditioning, plank flooring, walk in closets, and upgraded kitchens with dishwashers, creating a stylish living environment.

 

Galley Manor Apartments, consists of 35 spacious units, comprised of (16) one, (17) two and (2) three bedrooms. Recently renovated units feature updated vinyl plank flooring, new paint, 6 panel doors, updated appliances, dishwashers, walk-in closets and light fixtures.

 

These 4 communities are extremely well maintained, by long term owners who have self-managed the buildings with attention to every detail for over 30 years. The owners have recently made significant capital improvements including new and the portfolio is primed for an operational value-add as current rents can achieve $200-300 rent premiums as leases turn. Don’t miss the opportunity to own these generational assets!

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Investment Highlights

  • Four Well Located & Deferred Maintenance Free Value-Add Communities
  • Long Term Ownership with Pride of Ownership & Significant Capital Expenditures
  • Rare Operational Value-Add Opportunity with Rent Premiums of $200-300 as Leases Turn
  • Self Managed Assets with a Long-Term Hold Strategy & Great Tenant Base
  • Geographically Diverse Locations Throughout Throughout The Greater Colorado Springs Market

Property Information

Address
Building Area
Units
Parking
Zoning
Year of Construction
Occupancy
Willowbrook Apartments
1026-1032 Rice Dr, Colorado Springs, CO 80905
87,910
154
191 Spaces
R5
1968
86%
Mountain Pointe Apartments
2640 E Yampa St, Colorado Springs, CO 80909
50,838
71
34 Spaces
R5
1973
86%
Fountain Oaks Apartments
2614 E Fountain Blvd Colorado Springs, CO 80910
54,906
59
79 Spaces
R5
1966 / 2022 Renovated
86%
Galley Manor Apartments
3005 Galley Rd Colorado Springs, CO 80909
26,802
35
45 Spaces
R5
1969
83%
1026-1032 Rice DrColorado Springs, CO 80905
Colorado Springs Airport
Peterson Space Force Base
Downtown Colorado Springs
The Broadmoor
Old Colorado City
Cheyenne Mountain Resort
Bear Creek Regional Park
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Listing provided by Revere CRE