3925 E San Miguel St
Colorado Springs, CO 80909

Address
3925 E San Miguel St
Colorado Springs, CO 80909
List Price
$2,400,000
# Units
16
Price/Unit
$150,000
Gross Building Area
13,574 SF
Price/SF
$176.81
In Place Cap Rate
5.80%
Market Cap Rate
6.65%

The Greenbriar Apartments is a meticulously maintained 16-unit apartment complex boasting a diverse unit mix of one- and two-bedroom units. Currently self-managed, the community presents a unique opportunity for new ownership to increase Net Operating Income (NOI) through rent adjustments, as long-term tenants on month-to-month leases are below nearby market comparables. Strategically located in the heart of Colorado Springs, residents enjoy quick access to Downtown, the Colorado Springs Airport, Citadel Shopping, and Palmer Park. The Greenbriar Apartments’ rent growth potential and prime location present an attractive investment opportunity for investors seeking both stability and value-add potential.

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