Homes for sale - 115-117 Ruxton AVE, Manitou Springs, CO 80829

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Cody Walker

cody@sourceofhome.com +1(970) 528-0604

$1,700,000

Est. payment - /mo

0.3 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3042982

HOA Y/N No

Originating Board recolorado

Year Built 1899

Annual Tax Amount $6,748

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi-Family

Property Description

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, cafes, and retail stores. Just blocks from the property you will 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 consists of six (6) 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. Ten of twelve 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 and immediately 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

State CO

County El Paso

Zoning GR

Interior

Fireplace N

Exterior

Total Parking Spaces 12

Garage No

Building

Sewer Public Sewer

Structure Type Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by NorthPeak Commercial Advisors, LLC • joe@northpeakcre.com,720-939-2943

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Cody Walker

+1(970) 528-0604

Agent | FA.100072314

Agent FA.100072314

115-117 Ruxton AVE Manitou Springs, CO 80829

Cody Walker

Key Details

Location

Interior

Exterior

Building

Others

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