3428 W Colorado Ave | Colorado Springs, CO 80904
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
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 | Building Class | C |
Sale Type | Investment | Lot Size | 0.30 AC |
Sale Conditions | 1031 Exchange | Building Size | 5,316 SF |
No. Units | 12 | Average Occupancy | 92% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built/Renovated | 1964/2021 |
Apartment Style | Garden | Parking Ratio | 2.82/1,000 SF |
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
Parcel Number | 74033-21-021 | Improvements Assessment | $165,668 CAD |
Land Assessment | $11,139 CAD | Total Assessment | $176,807 CAD |
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 |
1 of 28
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP