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$ 2,750,000
Est. payment | /mo
6,750 Sqft Lot
$ 2,750,000
Est. payment | /mo
6,750 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5501427
HOA Y/N No
Year Built 1895
Lot Size 6,750 Sqft
Acres 0.15
Property Sub-Type Multi Family
Property Description
Rare Colorado College Student Housing Investment Opportunity! This turnkey, five-property portfolio offers an exceptional opportunity to acquire an established student housing operation just blocks from Colorado College in the heart of Colorado Springs. Featuring 32 individually rented rooms across five homes, the portfolio offers an approximate 9% cap rate, established rental history, and a proven room-by-room leasing model designed to maximize income potential. The portfolio includes 1127 N Wahsatch Avenue, 1204 N Weber Street, 1127 N Weber Street, 316 E Uintah Street, and 122 E Uintah Street. Each property offers convenient access to the Colorado College campus, creating an attractive housing option for students seeking off-campus accommodations. The portfolio benefits from an established room-by-room rental model, with individual leases that align with the academic calendar. Its location near Colorado College positions these properties within a concentrated student rental market, with convenient access to campus, downtown Colorado Springs, dining, and neighborhood amenities. With 32 rentable rooms spread across five properties, investors benefit from multiple income streams rather than reliance on a single tenant or household. Offered as a complete package, this student housing portfolio provides immediate income potential without the time and complexity of assembling individual investment properties. The established operating history provides valuable insight into rental performance, while the portfolio's scale offers an opportunity to acquire a meaningful position in the Colorado College student housing market. With five established rental homes in a highly desirable location near campus, this is a compelling opportunity for investors seeking a specialized, income-producing real estate asset. Five properties. 32 rentable rooms. One exceptional investment opportunity. Financials, rent rolls, and additional property details available upon request.
Location
State CO
County El Paso
Zoning R-2 HP
Exterior
Parking Features Attached, Garage
Garage Spaces 4.0
Utilities Available Electricity Connected, Natural Gas Connected
Waterfront Description Public
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID 64071-07-014
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byeXp Realty, LLC
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