Cushman & Wakefield is delighted to introduce Marmont Springs Apartments, a lucrative investment opportunity located in the vibrant city of Colorado Springs. This multifamily asset, comprised of 87 units, is ideally situated in the southeast submarket of Colorado Springs. Its prime location, in close proximity to military installations, retail centers, Colorado Springs Airport and major transportation routes, provides a strong foundation for attracting and retaining tenants. The property’s value-add potential, with 80% of the units already renovated, offers an opportunity to capture additional upside and maximize rental income. Current ownership has also performed major Capital Expenditures on this property, some of which include new windows, sliding doors, boiler systems and exterior paint/maintenance.
Value-Add Potential: Marmont Springs Apartments presents an excellent opportunity for value creation and potential upside. Notably, 80% of the units have already undergone renovation, 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 and modern living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income.
Attractive Unit Mix: Marmont Springs Apartments offers an exceptional unit mix of all spacious 1 bed/1 bath units with most including the new vinyl flowing, updated kitchen cabinets, upgraded bathrooms, AC units and some even include private porch areas.
...