1184 Mazatlan Cir
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1184 Mazatlan Cir
4 Unit Block of Flats £486,334 (£121,584/Unit) 7% Net Initial Yield Colorado Springs, CO 80910
Investment Highlights
- Recent interior unit renovations
- Room for rent growth
Executive Summary
Cushman & Wakefield is pleased to present 1184 Mazatlan Cir, a multifamily property in South Central Colorado Springs, known for its strong rental market. Each unit of this property features 2 bedrooms and 1 bathroom, providing residents with spacious and comfortable living spaces, in unit washer/dryer hookups and fireplaces. Unit upgrades include LVP flooring, bedroom carpet, paint and cabinet hardware. Residents can enjoy access to shopping, dining, and entertainment with proximity to the Academy Blvd Corridor, HWY 24 and I-25. The property’s location and features make it an attractive choice for residents, reducing vacancy risks and providing opportunities for rent growth.
Additionally, any future renovations or improvements may further enhance the property’s value. Whether you’re an experienced investor looking to expand your portfolio or a first-time multifamily investor, this four-unit property provides an excellent opportunity to capitalize on the thriving rental market in Colorado Springs.
Additionally, any future renovations or improvements may further enhance the property’s value. Whether you’re an experienced investor looking to expand your portfolio or a first-time multifamily investor, this four-unit property provides an excellent opportunity to capitalize on the thriving rental market in Colorado Springs.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £486,334 | Apartment Style | Low Rise |
| Price Per Unit | £121,584 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Net Initial Yield | 7% | Building Size | 3,212 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Price | £486,334 |
| Price Per Unit | £121,584 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,212 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.87/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 64223-14-208 | Improvements Assessment | £26,442 |
| Land Assessment | £4,393 | Total Assessment | £30,835 |
PROPERTY TAXES
Parcel Number
64223-14-208
Land Assessment
£4,393
Improvements Assessment
£26,442
Total Assessment
£30,835
zoning
| Zoning Code | PUD (Planned Unit Development) |
| PUD (Planned Unit Development) |
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Nic Polaski -
Patrick Knowlton -
Jeff Dimmen -
Cushman & Wakefield
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1184 Mazatlan Cir
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