2625 Ore Mill Rd, Colorado Springs, CO 80904

$4,000,000
54
BD
54
BA
22,068
SqFt
Add to Favorites Request Information Schedule Showing New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

View on Map Request Info Add to Favorites Schedule Showing
List Price
$4,000,000
Status
ACTIVE
MLS#
5902137
Year Built
1983
Bedrooms
54
Bathrooms
54
Living Area
22,068
Region
Out of Area
Subdivision
Midland Greens
Contact Us Call Us View on Map New Search

530-448-1626

Property Description

Parker Place Apartments is a 54-unit, fully renovated and 100% occupied multifamily community in Colorado Springs. Offered at $4.0 million, or approximately $74,074 per unit, the property provides an attractive low-basis investment with an 8.32% going-in cap rate, increasing to 9.15% in Year 1, and projected double-digit cash-on-cash returns. Catering primarily to 55+ and veteran residents while remaining open to the broader rental market, Parker Place combines stabilized cash flow, minimal near-term capital needs, and a differentiated resident profile.

530-448-1626
Contact Us
Schedule Showing
Search All Properties

Additional Information

Taxes
$34,180
School District
Colorado Springs 11
Elementary School
Midland
Middle School
Holmes
High School
Coronado
Heating
Forced Air
Cooling
Window/Wall
Garage Spaces
60
Zoning
MX-M HS P
Request Info Schedule Showing Add to Favorites

Listing courtesy of Charles Burkhart.

charles.burkhart@marcusmillichap.com,214-336-6064

Add to Favorites Request Information Schedule Showing New Search

What's Your Home Worth?

Thinking of selling or interested in learning about a neighbor's house? We can help you see what it's worth.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.