Red Rock Terrace Apartments

Red Rock Terrace Apartments

Colorado springs , CO
Available
  • Property Type: Apartments
  • Year Built : 1938 & 1972
  • Property Size: 15,946 SF / 23 Units

Overview

Capstone is pleased to present the Red Rock Terrace Apartments, a 23 unit multifamily property in Colorado Springs, CO. 

Investment Highlights

  • Prime “live/work/play” location adjacent to Old Colorado City and Red Rock Canyon Open Space offers easy access to employment, entertainment and recreation as well as downtown Colorado Springs, Garden of the Gods and Manitou Springs.
  • New rents are 11% higher than in-place proving rental upside for new owner.
  • Well maintained asset has no deferred maintenance.
  • Diverse unit-mix with large apartments set this unique asset apart from the local competition.
  • Units renovated within last 2 years.

Contact Information

Sean Holamon Senior Advisor P: 303.588.2119
O: 800.746.3175 ext. 758
sholamon@capstone-companies.com
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