Investment Overview

Located less than three miles from downtown Colorado Springs, 2640 E Monument St apartments were originally constructed in 1967 and offer its tenants eight 1-bedroom / 1- bathroom units. Residents at 2640 E Monument St have easy access to community amenities including nearby K-12 education, parks, fitness centers, and a variety of retail options to suit everyday needs. Pikes Peak sits 23 miles West and Garden of the Gods sits seven miles to the Northwest. These are two very well-known outdoor areas that contain some of the most beautiful views Colorado has to offer. Palmer Park and Memorial Park sit within a three-mile radius of the property. At these parks, you will find hiking and biking trails, as well as an abundance of outdoor space for all types of outdoor activities. 2640 E Monument St is also a 20-minute drive from Colorado Springs Airport, one of Colorado’s commercial airports. This neighborhood is appealing to Colorado Springs apartment dwellers due to its proximity to education, convenient transportation systems, and countless retail options. Strong employment fundamentals within the area drive the investment appeal of this asset. Low vacancy levels complemented by rapidly expanding rental demand across Colorado Springs are also major contributing factors to the interest of this property.