Description
Capital Property Group is pleased to present the Ruxton Apartments located at 115-117 Ruxton Ave, Manitou Springs, CO 80829. This is an investment opportunity to acquire twelve (12) units in the extremely desirable city of Manitou Springs. The Ruxton Apartments sit in the heart of downtown Manitou Springs within walking distance of all the city’s restaurants, cafés, and retail stores. Just blocks from the property you will also find attractions like the Manitou Incline, Garden of the Gods, Miramont Castle Museum, and the Manitou Springs Heritage Center and Museum. The Ruxton Apartments are just a 15-minute drive from Colorado Springs, the second most populated city in the state of Colorado.
The Ruxton Apartments consist of five (5) two (2) story walk-up buildings with exterior walkways. The unit mix is two (2) studio units, six (6) one bed one bath units, and four (4) two bed one bath units. A majority of the units have been renovated under current ownership since the last sale in April of 2021. Currently the Ruxton Apartments are being rented for under market value and would give a future investor the opportunity to raise rents immediately and increase NOI. Owners of other multi-family buildings in the area typically report full occupancy at their properties, with annual leases executed months in advance
Location
Similar Listings
$49,500,000
3 Beds
5 Baths
3,316 Sq ft
MLS# 3937029
PENDING
$45,000,000
1 Beds
1 Baths
1,092 Sq ft
MLS# 1656474
ACTIVE
$34,500,000
14 Beds
13 Baths
30,000 Sq ft
MLS# 798012
ACTIVE
$29,000,000
4 Beds
3 Baths
4,140 Sq ft
MLS# 7387290
ACTIVE
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX Data is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by RECOLORADO®. Properties displayed may be listed or sold by various participants in the MLS. Updated: 30th November, 2023 8:27 PM (UTC)
Listing Agent: Zachary Hansen
Listing Office: NorthPeak Commercial Advisors, LLC
Attribution contact: 303-880-7442
