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$650,000

Address Hidden

3,536 Square Feet
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today's renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency. This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs. Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado's most dynamic rental markets.
Offered By
Andrew Stephens andrew.stephens@marcusmillichap.com,303-328-2034, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Property Details

Property Type Residential Income
Status Active
Property Sub Type Income Property
Square Feet 3,536
MLS # 8059195

Market Trends

New Properties On Market
8,250
30% Increase In New Listings
Average Asking Price
$741,029
$28,683 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$289
$6 Decrease In List Price/Sq. Ft.
Average Days On Market
10
27 Day Decrease In Days On Market
Data as of Aug 04, 2025. Remaining statistics above are calculated on activity within the period from Jun 01, 2025 to Jul 31, 2025.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2025 IRES. Property data was last updated on 8/4/2025 at 9:02 pm