2655 Ore Mill Rd Colorado Springs, CO 80904

This exceptional 26-unit apartment building, built in 1984, presents a compelling investment opportunity in Colorado Springs, Colorado. Located at 2655 Ore Mill Rd, in the desirable Old Colorado City neighborhood, this property offers a 6.00% cap rate and is currently 100% occupied. The 22,068 square foot building sits on a 1.24-acre lot and features a mix of unit sizes: thirteen two-bedroom, two-bathroom units (850 sq ft each), eleven one-bedroom, one-bathroom units (600 sq ft each), and two studio units (450 sq ft each). The property includes 35 parking spaces and is zoned C5. Its prime location at the foot of Pikes Peak provides convenient access to outdoor recreation, while its proximity to downtown Colorado Springs and Manitou Springs offers residents easy access to shops, restaurants, and entertainment. This well-maintained asset presents a strong value-add potential for investors seeking to capitalize on the undersupplied Westside submarket and realize premium rental growth. The building is a single, two-story structure. The asking price is $4,000,000. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving Colorado Springs neighborhood.