This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3428 W Colorado Ave
Colorado Springs, CO 80904

Sausalito Cottages · Multifamily Property For Sale · 12 Units

Executive Summary

Cushman & Wakefield is pleased to present the exceptional Sausalito Cottages, a well-maintained, private multi-family complex consisting of 12 units comprised of 10 cozy cottages and a duplex in the heart of Colorado Springs. Located just off HWY 24 & Colorado Avenue, this property offers both privacy and convenience, making it an attractive option for tenants seeking easy access to the mountains, local attractions, and all that Colorado Springs has to offer. Sausalito Cottages offers attractive rental rates with strong income potential, and there is ample opportunity to increase returns based on current market conditions. The property also presents room for growth, with possibilities for minor improvements or upgrades that could elevate the property’s value and attract higher-end tenants. Its prime location, with easy access to major transportation routes, further enhances its appeal to working professionals seeking commuter-friendly living options. Additionally, the layout of the complex lends itself well to professional management, simplifying operations for any future owner. With its unique features, prime location, and untapped potential for growth, Sausalito Cottages represents a rare and profitable investment opportunity in a thriving market that won’t last long.

PROPERTY FACTS

Price Per Unit $212,708 CAD
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.30 AC
Building Size 5,316 SF
Average Occupancy 92%
No. Stories 2
Year Built/Renovated 1964/2021
Parking Ratio 2.82/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 10 - 366
Studios 1 - 828
3+1 1 - 828

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74033-21-021
Land Assessment
$11,139 CAD
Improvements Assessment
$165,668 CAD
Total Assessment
$176,807 CAD

zoning

Zoning Code C5 HS
C5 HS
  • Listing ID: 34051126

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: 3428 W Colorado Ave, Colorado Springs, CO 80904

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}