Investment Overview

Marcus & Millichap is pleased to present Urban Edge Apartments, a 116-unit property located in Colorado Springs, CO. The property benefited from a full gut rehab in 2022, in which the property was brought up to current code as well as class A finishes. Offering 111 studio units, as well as a one-bedroom unit and 4 two-bedroom units, the Urban Edge Apartments offers a rare value proposition and opportunity for a new owner to acquire a turn key asset with the ability to realize an additional $110,000 in top line income. Situated in the city of Colorado Springs, Urban Edge Apartments is in close proximity to many employment opportunities, offering residents ample work in a variety of industries. Residents can enjoy the beautiful scenery that Colorado Springs has to offer as a third of the units have unobstructed, west facing views.