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 $4,500,000
Denver Realty Group is pleased to present The Courtyard on Willamette. This property is located in a desirable rental area; situated just east of downtown Colorado Springs with close proximity to the U.S. Olympic and Paralympic Training Center.
The Courtyard on Willamette is a 40-unit single building apartment property consisting of 39 1-bedrooms and 1 studio. This investment property provides investors with an opportunity to add value by increasing rents to market rate in one of 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: 1965
Building Size: 22700sqft
No of Units: 40
No of Buildings: 1
Unit Mix: 1 bed, 1 bath: 39 | Studio: 1
Address: 2625 E Williamette Ave, Colorado Springs, Colorado 80909