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25 31St StColorado Springs, CO 80904

24-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
Westside Station, a 24-unit apartment building in desirable Old Colorado City, Colorado Springs (80904), presents a compelling investment opportunity. This 18,192 square foot property, situated on 0.65 acres, offers a diverse unit mix: predominantly two-bedroom units, supplemented by seven one-bedroom units and a single studio. All units have undergone recent renovations, boasting granite countertops, contemporary cabinetry, stainless steel appliances, and new luxury vinyl plank (LVP) flooring. The property's prime location provides residents with convenient access to a vibrant neighborhood featuring numerous restaurants, bars, and entertainment venues, all within walking distance. Ample tenant parking is available. Recent exterior improvements include fresh paint, and the property also features a communal BBQ area and a private dog park for residents' enjoyment. Built in 1972, this well-maintained multifamily asset benefits from its location adjacent to Garden of the Gods Park and represents a strong investment in a thriving Colorado Springs submarket. The property's combination of updated units, desirable location, and attractive amenities makes it an exceptional opportunity for investors seeking a well-positioned, high-performing multifamily asset.

Highlights

  • Diverse unit mix: Predominantly two-bedroom units, plus seven one-bedrooms and one studio.
  • Renovated units: Granite countertops, modern cabinetry, stainless steel appliances, and new LVP flooring.
  • Prime location: Highly desirable Old Colorado City, walkable to restaurants, bars, and entertainment.
  • Excellent amenities: Ample tenant parking, new exterior paint, community BBQ area, and private dog park.

Property Details for 25 31St St

Property type
Apartment buildings
Square Feet
18,192 SF
Year Built
1972
Lot Size (sq. ft)
28,314 SF
Units
24

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.854046111261
Longitude
-104.87114084174
25 31St St, Colorado Springs, Colorado

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25 31St St
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