1099 Westmoreland Road, Colorado Springs

$766,660

8 Beds
4 Baths
3,240 Sqft
0 Acres
0 Garages

Cushman & Wakefield is pleased to present 1099 Westmoreland Road, a quadraplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the thriving northside submarket of Colorado Springs, CO. The property offers all 2-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods, University Village and UCCS. 1099 Westmoreland Road is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property has one vacant unit.

Essential Information
MLS® #6807582
Price$766,660
Bedrooms8
Bathrooms4.00
Square Footage3,240
Acres0.00
Year Built1972
TypeResidential Income
Sub-TypeQuadplex
StatusActive
Community Information
Address1099 Westmoreland Road
SubdivisionColorado Springs
CityColorado Springs
CountyEl Paso
StateCO
Zip Code80907
Interior
HeatingBaseboard
CoolingNone
StoriesTwo
Exterior
RoofArchitecural Shingle
School Information
DistrictColorado Springs 11
ElementaryBristol
MiddleHolmes
HighDoherty
Additional Information
Date ListedAugust 21st, 2023
ZoningR5
Parking Spaces4
Listing Details
OfficeCushman & Wakefield
LISTING MAP

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