$2,480,000 for the whole project – 8 units
820-890 Promontory Rock Grove
Colorado Springs, Colorado 80905
TO BE BUILT
Fantastic long-term hold in an infill location with enduring rental demand. Colorado Springs’ Westside is consistently one of the most in-demand rental locations in the city, with renters scrambling for housing. This exciting new construction property allows you to take advantage of that opportunity with great amenities that will reliably rent for top-dollar. Units are separately platted and individually metered, so easy to resell later as individual townhomes. Completion 2019.
- Eight units, each with: 4 bedrooms, 3 bathrooms, 2 car attached garage, 1,617sqft
- $2750/month rent per unit for $264,000 annual gross rental income, a 10.5% CAP rate
- New construction
- Customize to your specifications – available options include fireplace, A/C, and much more
- StrucSure Warranty included
- Two-story with tuck-under garage
- Nine foot ceilings on both levels
- Private fenced yards
- Master suite with attached bath and walk-in closet
- Granite counters, tile floors, and stainless steel appliances
- South-facing decks with city and mountain views
- Close to Old Colorado City
- Promontory Point Open Space across the street
Each unit is four bedrooms, three bathrooms, two car garage with sunny South-facing deck and private fenced front yard. Close to Old Colorado City with convenient access to I-25 and downtown Colorado Springs, this infill project features nine foot ceilings throughout, granite counters, tile floors, and stainless steel appliances in the kitchen.
Dining room walks out to composite deck with mountain views. Main level features a room that could work as a bedroom, office, or nook. Master bedroom offers walk-in closet and attached full bathroom with double vanity. Second and third bedrooms share a jack-and-jill full bathroom with double vanity. Laundry is conveniently located upstairs with the bedrooms.
Across Limit Street from Promontory Point Open Space for dog-walking and sunset viewing. Many interior options are available, and layouts can be modified to suit.
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