Mason Manor Apartments 1129 Bennett Ave

CBRE is pleased to present Mason Manor, a beautifully maintained 37-unit community centrally located in the East Colorado Springs submarket. The property boasts strong current and historical occupancy rates - consistently in the mid to high 90% range – and is well positioned with walkable grocery and retail options for residents.
Mason Manor is comprised of studio, one-, and two-bedroom units and has been well-maintained, with current ownership investing in new electric infrastructure, common area flooring, as well as interior renovations in select units that include new flooring, appliances, resurfaced countertops, and cabinet faces. Nearly 80% of the units are in “classic” condition, however, meaning a prospective buyer will have the opportunity to implement a programmatic value-add strategy to renovate units and drive additional revenue.
The property is less than 10 minutes from downtown Colorado Springs and has immediate access to retail and entertainment along Circle Dr., Academy Blvd., and the 1.1M square-foot Citadel Mall, all less than five minutes from the property. Additionally, the property is adjacent to the Aviation Corridor, home to over 50,000 jobs with major employers including the Colorado Springs Airport, Peterson Space Force Base, Schriever Space Force, and Amazon, which recently opened a new four million SF distribution center creating 3,000 jobs.