1099 Westmoreland Rd Colorado Springs, CO 80907
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.
- Property TypeMulti-Family
- NeighborhoodColorado Springs
- CountyEl Paso
- Taxes$1,573
- HOA/Condo/Coop Fees$0
- Days on Site222 Days
- MLS StatusActive
- MLS ID Number6807582
- Home Size Source Assessor
- Year Built1972
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction StuccoBrick/Brick Veneer
- Sewer Public Sewer
- Number of Stories 2
- Property Sub Type Multi Family
- Garage Spaces 4
- Attached Garage No
- Zoning R5
- Garage Off Street
- Buyer Agent Compensation 2.50 %
Interior Features
- Heating Baseboard
Exterior Features
- Roof Fiberglass
- Waterfront Property No
- Waterfront No
Community Features
- Senior Community No
- MLS Area Out of Area