414-422 Arrawanna St

High Occupancy & Diverse Unit Mix: The 12-unit property is fully leased, with vacancy being practically non-existent, and it features a diverse mix of one studio, five one-bedrooms, and six two-bedrooms

Recent Renovations & Maintenance: All units have been completely remodeled and are very well-maintained by the current owner, keeping them in excellent cosmetic condition. Key capital improvements include all roofs being replaced in 2012 and the installation of two new storage units that same year.

Favorable Financing Structure: The property consists of three separately platted four-plexes, which allows an investor to secure long-term residential financing with low fixed interest rates. Additionally, each unit is individually metered for gas and electric

Value-Add Potential: The investment is positioned as a perfect fit for an investor looking for a value-add opportunity who can capitalize on the consistent rent growth and demand in the Colorado Springs apartment market.

Large Lot Size and Expansion: The property sits on a large combined lot size of exactly 30,000 square feet. This substantial extra land provides the ability to construct an additional investment property if desired.

Prime Location and Amenities: Located in the desirable Park Hill neighborhood, the property is in close proximity to transit, entertainment, and shopping venues, including Citadel Mall and the USA Olympic Training Center. The property includes a coin-operated laundry facility and 24 off-street parking spaces