1512 S Corona AVE Colorado Springs, CO 80905

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 Pruess Rd, 2115 Pruess Rd, 2135 Preuss Rd, and 3445 Cochran Dr, Colorado Springs.