Multifamily
21 Bonfoy Ave
21 Bonfoy Ave, Colorado Springs, CO 80909
Listing Price: $690,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 21 Bonfoy Avenue, a five-unit multifamily property located in Colorado Springs, Colorado. The property offers investors stable in-place cash flow from a well-maintained asset with a distinctive unit mix of a main house, basement apartment, detached cottage, and two duplex units, providing five separate income streams and broad tenant appeal. Recent capital improvements to the roof, furnace, and other major systems have reduced near-term capital requirements and limited day-to-day management. With in-place rents below market and room to grow through natural lease rollover, the asset is well positioned for investors seeking dependable current income with long-term appreciation potential. Situated in an established east-central submarket adjoining Memorial
Park and minutes from downtown Colorado Springs, 21 Bonfoy Avenue benefits from convenient access to
major employers, retail, and recreation, supported by the region’s large military presence that continues to drive rental demand throughout the city.
21 Bonfoy Ave
Investment Highlights
- In-place rents sit below market. As leases roll, an owner can mark rents to market and expand NOI without altering operations.
- An income-producing asset with year-over-year NOI growth. Buyers acquire proven, in-place cash flow rather than pro forma projections.
- A varied unit mix of a main house, basement apartment, detached cottage, and two duplex units provides five distinct income streams.
Exclusively Listed By
Listing Price: $690,000
Investment Highlights
- In-place rents sit below market. As leases roll, an owner can mark rents to market and expand NOI without altering operations.
- An income-producing asset with year-over-year NOI growth. Buyers acquire proven, in-place cash flow rather than pro forma projections.
- A varied unit mix of a main house, basement apartment, detached cottage, and two duplex units provides five distinct income streams.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 21 Bonfoy Avenue, a five-unit multifamily property located in Colorado Springs, Colorado. The property offers investors stable in-place cash flow from a well-maintained asset with a distinctive unit mix of a main house, basement apartment, detached cottage, and two duplex units, providing five separate income streams and broad tenant appeal. Recent capital improvements to the roof, furnace, and other major systems have reduced near-term capital requirements and limited day-to-day management. With in-place rents below market and room to grow through natural lease rollover, the asset is well positioned for investors seeking dependable current income with long-term appreciation potential. Situated in an established east-central submarket adjoining Memorial Park and minutes from downtown Colorado Springs, 21 Bonfoy Avenue benefits from convenient access to major employers, retail, and recreation, supported by the region’s large military presence that continues to drive rental demand throughout the city.
Exclusively Listed By
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