Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of… Read More which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today's renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency. This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs. Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado's most dynamic rental markets. Read Less
Courtesy of Andrew Stephens, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc., [email protected],303-328-2034.
3536 total sqft, Living Area: 3536, Above Grade Finished Area: 3536, Building Area Total: 3536, Construction Materials: "Wood Siding", Levels: "Two", Stories: 2, Year Built: 1984
Garage
Type: None
Water Features
Has Water Rights: No
Heating
"Forced Air"
Roof
"Other"
Sewer
"City Sewer", "Public Sewer"
Taxes
Tax Annual Amount: 2390, Tax Year: 2024
Unit One
Bedrooms: 8, Total Baths: 4
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.
