Building Overview

  • Address 110 El Paso Blvd, Manitou Springs CO 80829
  • Property Type Multifamily
  • Units 4
  • Property Size 3165 Sqft
  • Unit Mix (3) 1BD/2BA, & (1) 1BD/1BA
  • Year Built 1955
  • Price $775,000

Investment Highlights

Strong Yield & Immediate Income: Fully leased 4-plex generating a robust monthly revenue stream with current rents at $1,400, $1,300, $1,275, and $1,200.

Low-Maintenance Capital Upgrades: Peace of mind for the next owner with extensive major updates, including a newer roof, fresh exterior stucco, a replaced boiler/water heater system, and interior renovations (all updated in 2019), plus updated electrical (2016).

Desirable Layouts on Massive Lot: Comprises three spacious 1BD/2BA units and one 1BD/1BA unit—each boasting single-story layouts (~750 SF) situated on an expansive 20,000 SF lot with abundant off-street parking.

Highly Walkable, West-Side Location: Nestled in a coveted neighborhood right near Fountain Creek and Fields Park, giving tenants immediate access to tennis/pickleball courts, a skatepark, baseball fields, and the Creekwalk trail.

Proximity to Dining & Growth: Surrounded by a vibrant mix of popular local dining and retail, and strategically positioned near newly developed townhome-style projects that heavily support long-term submarket appreciation.

Favorable Utility Structure: Tenants pay their own electric directly, keeping owner utility management streamlined to water, gas, and trash.


Location Map

Team

Zach Hansen

Managing Director of CO
MRG Realty Partners

Lee Wagner

Director
Cushman & Wakefield