Cushman & Wakefield is pleased to present 1602 S Wahsatch Ave. This opportunity consists of (6) units and is located in one of the most revitalized & redeveloped neighborhoods of Colorado Springs. This opportunity is primed for an investor looking to benefit from an asset that has recent full interior renovations and delivered with strong leases in-place. 1602 S Wahsatch offers (5) 1 -bedroom and 1-bathroom units, and (1) 3-bedroom and 1-bathroom unit. This property is positioned near the South Nevada Redevelopment corridor, historic Ivywild Neighborhood, and a short drive to downtown Colorado Springs. The property benefits from its close proximity to major roadways such as I25 and Hwy 115. Additionally, the property offers great access to local transit and retail and dining. Weidner Field, Colorado Creekwalk and The Broadmoor offer fantastic entertainment options all within 5 minutes’ drive. 1602 S Wahsatch Avenue is perfectly positioned to capitalize on the predictable in-place returns with an improved asset that has major capex items replaced. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. Recent Renovations: All units have been fully renovated within the last 12 months. Updates include new LVP flooring, fresh 2-tone paint throughout, LED lighting, butcher block countertops, subway style backsplash, new white shaker cabinets, all new appliances. Furthermore, all units have received new bathroom vanities, tile tub surrounds and high efficiency toilets. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Cap Ex Improvements: The property features all new main electrical panels as well as new double-pane vinyl windows. Additionally, a new roof installed in 2022.
|2 months ago||Listing updated with changes from the MLS|
|2 months ago||Price changed to $1,024,000|
|3 months ago||Listing first seen online|