3925 E San Miguel Street, Colorado Springs, CO 80909
Overview
- Commercial Sale
- 13574
- 1965
Description
The Greenbriar Apartments is a meticulously maintained 16-unit apartment complex boasting a diverse unit mix of one- and two-bedroom units. Currently self-managed, the community presents a unique opportunity for new ownership to increase Net Operating Income (NOI) through rent adjustments, as long-term tenants on month-to-month leases are below nearby market comparables. Strategically located in the heart of Colorado Springs, residents enjoy quick access to Downtown, the Colorado Springs Airport, Citadel Shopping, and Palmer Park. The Greenbriar Apartments’ rent growth potential and prime location present an attractive investment opportunity for investors seeking both stability and value-add potential.
1. Strong unit mix: half are one-bed units and the other half are two-beds
2. Well-maintained asset with no Cap-Ex anticipated
3. Centrally located in Colorado Springs
4. Recently paved driveway leading to off-street parking lot
5. Current rents below nearby market comparables
6. All leases are month-to-month
Address
Open on Google Maps- Address 3925 E San Miguel Street
- City Colorado Springs
- State/county CO
- Zip/Postal Code 80909
- Country United States
Details
Updated on May 8, 2024 at 12:30 pm- Property ID: AMR31965076
- Price: $2,400,000
- Property Size: 13574 Sqft
- Land Area: 0.55 lot_area_unit
- Year Built: 1965
- Property Type: Commercial Sale
- Property Status: For Sale
- MLS#: REC9644578
- Office Name: KAUFMAN HAGAN
- Agent Name: Andrew Vollert
- MLS Status: Active
Additional details
- List Office MLSID: RECM4465
- List Agent MLSID: REC55060972
- List Date: 2024-05-07T23:14:08.000Z
- Roof: Unknown
- Sewer: Public Sewer
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