803 Yuma Street

Cushman & Wakefield is pleased to present 803 Yuma St, a well maintained 8-unit apartment building located in the heart of Colorado Springs. The property consists of all 1-bedroom and 1-bathroom units. The current ownership has renovated all units to include new paint, LVP flooring, upgraded all the electrical wiring/panels and installed a new water heater. Tenants are provided with onsite laundry, private back yard with community garden box and is completely fenced in for pets. Investors have the ability to continue the renovation plan, as well as recapture loss to lease and increase rents to market rate as leases roll over. This multifamily asset is ideally situated in central Colorado Springs within proximity to Downtown Colorado Springs, outdoor recreation and dining/ retail centers. The location provides a strong foundation for attracting and retaining quality long-term tenants. The allure of this asset is magnified by the solid in place returns and recent capital improvements, making 803 Yuma an opportunity for investors to capitalize on predictable pro-forma returns in the thriving real estate market of Colorado Springs.

Listing Office: Cushman & Wakefield