Multifamily
Park View Apartments
1430-1470 S Chelton Rd, Colorado Springs, CO 80910
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Park View Apartments, a 100-unit multifamily community located at 1430–1470 S Chelton Road in Colorado Springs, Colorado. Built in 1983, this garden-style asset offers a well-balanced and efficient unit mix comprised of 60 studio units, 20 one-bedroom units, and 20 two-bedroom units, providing flexibility and appeal to a broad range of renter profiles. The property’s units feature functional layouts, and select apartments have received recent interior upgrades, creating an attractive platform for further renovations.
A compelling value-add opportunity exists via continued unit modernization, including upgraded appliances, flooring, cabinetry, and finishes. This strategy would allow an investor to increase rents in line with competing properties in the submarket while capitalizing on in-place income. The proven demand for upgraded workforce housing in the immediate area creates a clear path to value enhancement and income growth, particularly in the Southeast Colorado Springs submarket.
Park View Apartments
Investment Highlights
- Attractive Value-Add Opportunity with Balance of Studio, One-, & Two-Bedroom Units
- Strategic Location in the Growth Market of Southeast Colorado Springs
- Proximity to Major Employment Drivers Including Peterson Space Force Base, Fort Carson, and the U.S. Air Force Academy
- Strong Lifestyle & Quality of Life Appeal with Property Minutes from Garden of the Gods, Pikes Peak, and Cheyenne Mountain State Park
- Residents Enjoy a Swimming Pool, Spa, Playground, Basketball Court, BBQ Grills, and On-Site Laundry
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Attractive Value-Add Opportunity with Balance of Studio, One-, & Two-Bedroom Units
- Strategic Location in the Growth Market of Southeast Colorado Springs
- Proximity to Major Employment Drivers Including Peterson Space Force Base, Fort Carson, and the U.S. Air Force Academy
- Strong Lifestyle & Quality of Life Appeal with Property Minutes from Garden of the Gods, Pikes Peak, and Cheyenne Mountain State Park
- Residents Enjoy a Swimming Pool, Spa, Playground, Basketball Court, BBQ Grills, and On-Site Laundry
Investment Overview
Marcus & Millichap is pleased to present Park View Apartments, a 100-unit multifamily community located at 1430–1470 S Chelton Road in Colorado Springs, Colorado. Built in 1983, this garden-style asset offers a well-balanced and efficient unit mix comprised of 60 studio units, 20 one-bedroom units, and 20 two-bedroom units, providing flexibility and appeal to a broad range of renter profiles. The property’s units feature functional layouts, and select apartments have received recent interior upgrades, creating an attractive platform for further renovations. A compelling value-add opportunity exists via continued unit modernization, including upgraded appliances, flooring, cabinetry, and finishes. This strategy would allow an investor to increase rents in line with competing properties in the submarket while capitalizing on in-place income. The proven demand for upgraded workforce housing in the immediate area creates a clear path to value enhancement and income growth, particularly in the Southeast Colorado Springs submarket.
Exclusively Listed By
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