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Multifamily

719 N Nevada Ave

719 N Nevada Ave, Colorado Springs, CO 80903

Listing Price: $1,199,999

Cap Rate
4.43%
Number of Units
5
Price/Unit
$240,000
Price/Gross SF
$376.77
Gross SF
3,185

Investment Overview

719 N Nevada Avenue is a five-unit converted mansion in central Colorado Springs. It offers a diverse mix of studios, one-bedroom, and two-bedroom units. This beautiful historic mansion is listed on the Colorado Springs Historic Home Tour and eligible to be listed on the state historic registry. The current owner began substantial restoration efforts in 2016 and, in 2018, the project won an award for best restoration of a residence. The property is immaculately maintained and shows tremendous pride of ownership. Improvements are wide ranging and include updates to the building’s electrical and plumbing, interior and exterior paint, flooring, cabinetry and counter tops, new appliances and fixtures, and much more. Residents enjoy quality finishes and community amenities including a large back yard and patio and ample off-street parking. The property benefits significantly from its proximity to Colorado Spring’s downtown district and to Colorado College’s main campus and provides walkable access to the vibrant dining and retail scene along Nevada Avenue. This convenient location combined with the neighborhood’s tree-lined streets and access to nearby parks and recreation offerings create a highly livable environment that is increasingly popular among Colorado Springs renters.

Investment Highlights

  • Restored Historic Mansion
  • Ample Off Street Parking
  • New Roof in 2019

Exclusively Listed By

Financing By

Multifamily

719 N Nevada Ave

Listing Price: $1,199,999

Cap Rate
4.43%
Number of Units
5
Price/Unit
$240,000
Price/Gross SF
$376.77
Gross SF
3,185

Investment Highlights

  • Restored Historic Mansion
  • Ample Off Street Parking
  • New Roof in 2019

Investment Overview

719 N Nevada Avenue is a five-unit converted mansion in central Colorado Springs. It offers a diverse mix of studios, one-bedroom, and two-bedroom units. This beautiful historic mansion is listed on the Colorado Springs Historic Home Tour and eligible to be listed on the state historic registry. The current owner began substantial restoration efforts in 2016 and, in 2018, the project won an award for best restoration of a residence. The property is immaculately maintained and shows tremendous pride of ownership. Improvements are wide ranging and include updates to the building’s electrical and plumbing, interior and exterior paint, flooring, cabinetry and counter tops, new appliances and fixtures, and much more. Residents enjoy quality finishes and community amenities including a large back yard and patio and ample off-street parking. The property benefits significantly from its proximity to Colorado Spring’s downtown district and to Colorado College’s main campus and provides walkable access to the vibrant dining and retail scene along Nevada Avenue. This convenient location combined with the neighborhood’s tree-lined streets and access to nearby parks and recreation offerings create a highly livable environment that is increasingly popular among Colorado Springs renters.

Exclusively Listed By

Financing By

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