3137 West Pikes Peak Avenue

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3137 West Pikes Peak Avenue

Colorado Springs, CO 80904
Asking Price
$750K
Asset Type
Multifamily
Class
Class B

What's Special

A strong fit for a developer/builder focused on well-located, efficient infill projects <ul><li>​Strong appeal for both renters and owners seeking walkable, lifestyle-oriented living</li><li>​Preliminary approvals already in place for six townhomes—potentially a streamlined path to development</li><li>​Flexible MX-M zoning allowing for townhomes, mixed-use, live/work, or alternative concepts. This could be a relatively efficient infill project — or potentially something more creative depending on your vision</li><li>​~3-minute walk to Starbucks and ~5 minutes to a retail center wit

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911

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