1512 S Corona Ave

Home » All Multifamily Properties » Phoenix & Southwest » 1512 S Corona Ave

Address: 1512 S Corona Ave, Colorado Springs, CO 80905, USA

Phoenix & Southwest + Apartment Buildings

Created date: July 11, 2024

Date last updated: September 10, 2024

Property Description

1512-1518 S Corona Ave, Colorado Springs is a 14-unit apartment building, comprised of 14 one -bedroom, one - bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades over the last 6 months with new windows, a refreshed painted exterior, new roofs and a perimeter fence. This property also comes equipped with a wireless security camera system and high speed internet. With its prime location 1512-1518 S Corona Ave presents a turnkey investment opportunity with immediate cashflow. This property offers a 7.02% cap rate and 5.93% cash on cash return! For investors looking for more scale this ownership group is also offering 903 Boggs Pl, 2123 Preuss Rd, 2115 Preuss Rd, 2135 Preuss Rd, and 3445 Cochran Dr, Colorado Springs.

Unavailable

Request Information

Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,240,000
No. of Units:	14
Year Built:	1954
Lot Size:	0.75 Sq ft
Opportunity Zone:	No
Price per unit:	$160,000
Property Website	Click Here