Property Description

Apache Court Motel & Apartments is a 16 unit motel that has been used as a furnished apartment and short term rental (STR). The motel license allows it to have the benefit of following limited motel rules versus the increasingly difficult short term rental rules constantly being adopted by the city. rnApache Court is located in Old Colorado City (Colorado Springs) near Garden fo the Gods Park and the city of Manitou, two active tourist areas. It is located in Colorado Springs which has a much lower sales tax than Manitou. There are many nearby trails and hiking, and it is an easy walk to many stores including bike rentals, Grocery Store and many other restaurants. Many guests do not bother having a car as the location is an easy bike ride to many attractions.rnApache Court Motel was built in 1946 and the historic sign on the corner is part of a local historic tour and is called the “happy Indian”.rnRare opportunity to own a short-term rental product in highly restricted environment. All units on short leases with opportunity to instantly increase rents/income. Outstanding in place cash flow and cap rate! Fully furnished units.

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Features
: Electric, Baseboard
$4,737
2019
: Electricity
: Municipal, Assoc/distr
Address Details
3401
Pikes Peak
Avenue
80904
0
W105° 7' 17.9''
N38° 51' 25''
W
MLS Addon
0
Interior Features
: Microwave Oven, Range Top, Countertop System
Exterior Features
: Rolled
Paved
: Slab
: Stucco
Wood Frame
Lot Info
10600.0000
SqFt
School Info
: Colorado Springs
Listing Office
00000696-Denver Realtors Group LLC

Income For Sale

3401 Pikes Peak Avenue Colorado Springs Colorado 80904

0.24 Acre
$1,695,000
MLS ID #5088854
Listing Summary
Status : Active
Property Type : Income
MLS ID : 5088854
Price : $1,695,000
Lot Area : 0.24 Acre
Year Built : 1946
MLS Area Minor : Arensdale
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Data last updated: 08/13/2020 1:03