1820 Monterey Road, Colorado Springs, CO 80910 (MLS # 8164546)

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PRICE $635,000 BEDS 8 BATHS 8 HOME SIZE 4,006 sqft LOT SIZE 10,890 sqft Request More Info Schedule a Showing

Cushman & Wakefield is pleased to present 1820 Monterey Rd, a well-located multifamily investment opportunity in Southeast Colorado Springs. The property sits within an established residential neighborhood with convenient access to major thoroughfares like S Academy and I-25. 1820 Monterey Rd is located nearby employment such as Amazon Distribution & Innovation Park, and convenient access to retail & groceries, making it attractive to long-term renters. The asset is comprised of townhome-style units featuring both front and rear entrances, offering added privacy and functionality. Each unit includes a desirable 2-bedroom, 1.5-bath layout, and gas and electric utilities are individually metered, allowing ownership to minimize operating expenses and efficiently manage utility costs. The property has maintained solid occupancy and presents a clear value-add opportunity through rent growth to market levels and value add implementation. Additional features such as off-street parking and recent exterior improvements further enhance tenant convenience and overall property appeal, positioning 1820 Monterey Rd as a stable asset with long-term upside. Please call or text 417-459-2155 with any questions or inquiries.