2105 Platte AveColorado Springs, CO 80909

Property Details for 2105 Platte Ave

Year built

1929

Construction

WOOD FRAME

Lot size

0.73 AC

Property size (Sq ft)

1,528 SF

Zone code

C6

Property type

Hospitality properties

Property subtype

Motels

APN

6416211043

APU

6416211043

Description

This well-maintained, 21-unit motel in Colorado Springs, Colorado presents a compelling investment opportunity. Built in 1929 and located at 2105 E Platte Ave, zip code 80909, this independent property boasts a strong rental history. The asking price is $1,990,000. The property includes a manager's living quarters, a significant advantage for operational efficiency and oversight. This spacious apartment comprises 1,624 square feet, featuring two bedrooms and two bathrooms, and currently generates a monthly rental income of $2,000. Adding to the property's income potential are 88 storage units, providing additional revenue streams. Situated in El Paso County, the motel benefits from a prime location in Colorado Springs. The property's solid history, combined with the income-generating apartment and storage units, makes it an attractive prospect for investors seeking a stable and profitable hospitality investment. Detailed financial records are available upon request. This is a turnkey operation ready for a new owner to step in and continue its success. The property's age adds to its character and charm, while its well-maintained condition ensures immediate operational readiness.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8365

Longitude

-104.789

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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