1518 N Wahsatch Ave, Colorado Springs, CO 80907

Property Description

1518 N Wahsatch Avenue is a centrally located multifamily investment opportunity positioned within the highly desirable Old North End. The property benefits from strong renter demand driven by its proximity to Downtown Colorado Springs, Colorado College, major employment centers, and recreational amenities throughout the urban core. The surrounding neighborhood offers a blend of historic charm, walkability, and access to dining, retail, and outdoor recreation that continues to attract young professionals, students, military-affiliated tenants, and long-term residents. The area has experienced ongoing residential and mixed-use investment activity as population growth and housing demand continue to support rental fundamentals across the city. This 7-unit property features a desirable unit mix of (5) two bed and (2) one bed units. This is a rare downtown asset on a large 16,000 SF lot with off street parking and additional garage spaces for tenants. The property has been self-managed for over 30+ years and presents operational upside through recapturing $150+ rental premiums on the flexible month-to-month leases day one. Investment Highlights: -Premier Downtown location blocks from Colorado College with walkability to Downtown Colorado Springs -Operational value add with current rents providing $150-$250 premiums as the flexible leases turn -Well maintained legacy asset with long-term attentive owners -Desirable unit mix of primarily 2 bedroom units -Rare opportunity to acquire a Downtown asset with large lot, off street parking, and 6 garages