2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two-bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched
roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades over the last 6 months with new windows, a refreshed painted exterior and a perimeter fence. This property also come equipped with a wireless security camera system. Each unit offer additional storage
units for personalized comfort. With its prime location 2115 Preuss Rd presents a turnkey investment opportunity with immediate cashflow. This property offers a 8.05% cap rate and 8.32% cash on cash return!
For investors looking for more scale this ownership group is also offering 903 Boggs Pl, 2123 Pruess Rd, 2135 Pruess Rd, 3445 Cochran Dr and 1518 & 1512 S Corona Ave, Colorado Springs.