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$4,000,000
2 Days On Site
2625 Ore Mill RoadColorado Springs, CO 80904
For Sale|Quadruplex|Active
54
Beds
54
Total Baths
22,068
SqFt
$181
/SqFt
1983
Built
Subdivision:
Midland Greens
County:
El Paso
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Parker Place Apartments is a 54-unit, fully renovated and 100% occupied multifamily community in Colorado Springs. Offered at $4.0 million, or approximately $74,074 per unit, the property provides an attractive low-basis investment with an 8.32% going-in cap rate, increasing to 9.15% in Year 1, and projected double-digit cash-on-cash returns. Catering primarily to 55+ and veteran residents while remaining open to the broader rental market, Parker Place combines stabilized cash flow, minimal near-term capital needs, and a differentiated resident profile.
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Listing Snapshot
Price
$4,000,000
Days On Site
2 Days
Bedrooms
54
Inside Area (SqFt)
22,068 sqft
Total Baths
54
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1983
MLS Number
5902137
Status
Active
Property Tax
$34,180
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
| 2 days ago | Listing updated with changes from the MLS | |
| 2 days ago | Listing first seen on site |
General Features
Levels
One
Parking Spaces
60
Property Sub Type
Quadruplex
Sewer
Public Sewer
SqFt Above
22068
SqFt Total
22068
Zoning
MX-M HS P
Interior Features
Heating
Forced Air
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Exterior Features
Construction Details
Stucco
Roof
Other
Community Features
School District
Colorado Springs 11
Senior Community
Yes
Financing Terms Available
CashConventional
Schools
School District
Colorado Springs 11
Elementary School
Midland
Middle School
Holmes
High School
Coronado
Listing courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. [email protected]
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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