About 1099 Westmoreland Rd
Cushman & Wakefield is pleased to present 1099 Westmoreland Road, a quadraplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the thriving northside submarket of Colorado Springs, CO. The property offers all 2-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods, University Village and UCCS. 1099 Westmoreland Road is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property has one vacant unit.
Features of 1099 Westmoreland Rd
| MLS® # | 6807582 |
|---|---|
| Price | $766,660 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,240 |
| Acres | 0.00 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Income Property |
| Status | Active |
Community Information
| Address | 1099 Westmoreland Rd |
|---|---|
| Area | Colorado Springs |
| Subdivision | Colorado Springs |
| City | Colorado Springs |
| County | El Paso |
| State | CO |
| Zip Code | 80907 |
Amenities
| # of Garages | 4 |
|---|---|
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Fiberglass |
|---|---|
| Construction | Brick/Brick Veneer, Stucco |
School Information
| District | Colorado Springs 11 |
|---|---|
| Elementary | Bristol |
| Middle | Holmes |
| High | Doherty |
Additional Information
| Days on Market | 239 |
|---|---|
| Zoning | R5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Nic Polaski |
|---|---|
| Office | Cushman & Wakefield |
| Contact Info | Nic.Polaski@cushwake.com,719-238-9074 |