Picturesque Forrest Portfolio 5 Multifamily Properties Offered at $4,500,000 in Colorado Springs, CO
EXECUTIVE SUMMARY
Cushman & Wakefield is excited to present an exceptional multifamily portfolio featuring five fully renovated properties, totaling 20 units all in desirable rental locations across Colorado Springs. Each 4-unit property consists of 2 bed/1 bath units, with 4502 Picturesque featuring two units with 2 bed/1.5 bath townhome style units with in unit washer/dryer hookups. This turnkey portfolio includes:
• 4226 & 4228 Forrest Hill Road - Unit count: 8
• 435 W Van Buren - Unit count: 4
• 4502 & 4510 Picturesque - Unit count: 8
Strategically located, the Forrest Hill and Van Buren properties offer easy access to I-25, the Garden of the Gods corridor, and Van Buren situated adjacent to the Pikes Peak Greenway Trail. The Picturesque properties are located in the highly sought-after Powers corridor, an area known for its prime location. The numerous amenities nearby and proximity to Colorado Springs’ largest employers, provides tenants easy access and owners less turnover. These professionally managed properties are fully occupied, demonstrating strong rental demand and a history of near-market-rate rents. The buildings have been meticulously renovated and require minimal maintenance, making this a low-risk investment with limited capital expenditures on unit turns. With stable occupancy, a solid rental history, and well-maintained units, this portfolio offers immediate cash flow potential. It is an ideal opportunity for investors seeking a hassle-free, income-generating asset in a highly desirable market.
• 4226 & 4228 Forrest Hill Road - Unit count: 8
• 435 W Van Buren - Unit count: 4
• 4502 & 4510 Picturesque - Unit count: 8
Strategically located, the Forrest Hill and Van Buren properties offer easy access to I-25, the Garden of the Gods corridor, and Van Buren situated adjacent to the Pikes Peak Greenway Trail. The Picturesque properties are located in the highly sought-after Powers corridor, an area known for its prime location. The numerous amenities nearby and proximity to Colorado Springs’ largest employers, provides tenants easy access and owners less turnover. These professionally managed properties are fully occupied, demonstrating strong rental demand and a history of near-market-rate rents. The buildings have been meticulously renovated and require minimal maintenance, making this a low-risk investment with limited capital expenditures on unit turns. With stable occupancy, a solid rental history, and well-maintained units, this portfolio offers immediate cash flow potential. It is an ideal opportunity for investors seeking a hassle-free, income-generating asset in a highly desirable market.
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PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 4226 Forrest Hill Rd, Colorado Springs, CO 80907 | Multifamily | 2,836 SF | 1971 | - |
| 4510 Picturesque Cir, Colorado Springs, CO 80917 | Multifamily | 3,088 SF | 1972 | - |
| 4502 Picturesque, Colorado Springs, CO 80917 | Multifamily | 3,848 SF | 1972 | - |
| 435 W Van Buren St, Colorado Springs, CO 80907 | Multifamily | 3,712 SF | 1983 | - |
| 4228 Forrest Hill Rd, Colorado Springs, CO 80907 | Multifamily | 2,819 SF | 1970 | - |
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