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Multifamily

2640 E Monument St

2640 E Monument St, Colorado Springs, CO 80909

Listing Price: $1,500,000

Cap Rate
6.31%
Number of Units
8
GRM
13.58
Occupancy
97.0%
Price/Unit
$187,500
Price/Gross SF
$368.19
Gross SF
4,074

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.

Investment Highlights

  • Central location short distance from downtown CO Springs
  • Parking lot for tenants behind the building
  • Fully renovated units
  • New windows and roof

Exclusively Listed By

Financing By

Multifamily

2640 E Monument St

Listing Price: $1,500,000

Cap Rate
6.31%
Number of Units
8
GRM
13.58
Occupancy
97.0%
Price/Unit
$187,500
Price/Gross SF
$368.19
Gross SF
4,074

Investment Highlights

  • Central location short distance from downtown CO Springs
  • Parking lot for tenants behind the building
  • Fully renovated units
  • New windows and roof

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.

Exclusively Listed By

Financing By

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