02/20/2020 | DRGinvest, Media Coverage
Denver Realty Group Acquires One-of-a-Kind...
Denver Realty Group, LLC (“DRG”) through its DRGinvest platform acquired a one-of-a-kind Colorado Springs real estate portfolio for approximately $22,000,000.
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For Sale $1,500,000
Denver Realty Group is pleased to present Sausalito Cottages. This property is located in the highly sought-after Western area of Colorado Springs between Garden of the Gods and Old Colorado City. Features include stunning views of Pikes Peak, close proximity to downtown and ease of access to the mountains.
Sausalito Cottages is a one-of-a-kind property featuring an updated duplex with loft style units and 10 individual cottages, each with a private fenced yard. This investment property provides investors with an opportunity to add value by increasing rents to market rate in one o the country’s highest increasing rental markets.
Ranked as a top 10 housing market in 2020, it is projected Colorado Springs will outperform most national markets over the next 3-5 years.
Property Type: Multifamily
Year Built: 1934
Building Size: 5,592sqft
No of Units: 12
No of Buildings: 11
Unit Mix: 1 bed, 1 bath: 10 | Studio: 2
Address: 3428 W Colorado Ave, Colorado Springs, Colorado 80904