The Cottages Portfolio 3 Multifamily Properties in Colorado Springs, CO
INVESTMENT HIGHLIGHTS
- Differentiated BFR multifamily investment opportunity with a diverse mix of studio, one-, and two-bedrooms cottages
- Fully stabilized properties with limited vacancy and room for rent growth as original leases turn
- Units feature high end finishes including wood vinyl flooring, granite countertops, all stainless steel electric kitchens, washer and dryer, and A/C
- Assets are strategically located near growing employment hubs including Peak Innovation Park, Peterson Space Force Base, and the COS Airport
EXECUTIVE SUMMARY
The Springs Cottage Portfolio is an exceptional new construction multifamily opportunity comprised of 276 units in Colorado Springs, spread across three different assets: The Cottages at Torin Point (116 units), The Cottages at Jet Wing (92 units), and The Cottages at North Carefree (68 units). The cottages offer a mix of studio, one-, and two-bedroom apartment homes with luxury interior finishes such as granite countertops, stainless steel appliances, air conditioning, washer and dryer, and all electric kitchens. The Cottage properties are all fully stabilized assets with over 95% occupancy and positive lease trade outs as original leases turn. The properties are all located within a 4-mile radius, allowing for shared payroll, maintenances, and management across the portfolio. The properties are strategically located in submarkets with limited new supply and near growing employment hubs including Peak Innovation Park, Peterson Space Force Base, and the Colorado Springs Airport.
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 523,626 SF |
| Total Land Area | 9.33 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Cottages at Jetwing
991 Ibsen Vw, Colorado Springs, CO 80916 |
Multifamily | 92,000 SF | 2023 | - |
|
The Cottages at Torin Point
4703 Goodwin Grv, Colorado Springs, CO 80916 |
Multifamily | 363,626 SF | 2023 | - |
|
Cottages At North Carefree
3405-3437 N Carefree Cir, Colorado Springs, CO 80917 |
Multifamily | 68,000 SF | 2023 | - |
1 of 1
