Leisure Apartments 2916-2926 W Bijou St

Cushman & Wakefield is pleased to present Leisure Apartments, an exceptional multifamily real estate offering located in Old Colorado City. The property consists of 28 units offering one bedroom and one-bathroom units. Boasting a prime location and excellent walkability to a plethora of dining options, shopping destinations, and entertainment venues, this property presents an ideal living experience for residents. The property offers plenty of parking for tenants, on-site laundry & extra storage facilities. Situated with easy access to HWY 24 and I-25, residents can enjoy seamless commutes and convenient connectivity to surrounding areas. The nearby attractions of Manitou Springs as well as Downtown COS add to the property’s allure.
With 28 well-appointed units in a meticulously well-cared for building, Leisure Apartments presents itself as a diverse and attractive investment opportunity. This multifamily asset presents an enticing value-add opportunity to potential investors wanting to maximize returns through renovations or operational improvements. Whether seeking an already solid income-generating property or an opportunity to enhance value, Leisure Apartments stands as an enticing investment option for those desiring to profit off the thriving real estate market in Colorado Springs.
Leisure Apartments presents an excellent opportunity for value creation and potential upside. Notably, 18 of units have undergone unit renovations showcasing the property’s commitment to enhancing the living experience for residents. This value-add strategy has positioned the asset to command higher rental rates and attract tenants seeking updated living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income.