Ivy at Cheyenne Creek

Ivy at Cheyenne Creek

Colorado springs, CO
Available
  • Property Type: Apartments
  • Year Built : 1962
  • Property Size: 37,670 SF / 61 Units

Overview

Capstone Apartments Partners is pleased to present Ivy at Cheyenne Creek: a 61-unit community located in Colorado Springs, Colorado. Ivy at Cheyenne Creek was built in 1962 and has been well-maintained, as current ownership has operated the asset as a long-term hold. The community is located just southeast of the Highway 24 and Highway 115 intersection and provides residents with convenient access to commuter routes. Colorado Springs has emerged as a popular location for companies relocating from outside the state, as well-established companies from all sectors are choosing Colorado Springs to grow their company. Additionally, nearby projects like Ivywild Schoolhouse and Colorado Creekwalk speak volumes about the growth potential of the immediate area around Ivy at Cheyenne Creek. The blueprints that those developments provide, combined with a value-add program, create an opportunity to boost annual NOI by 32.5%.

Investment Highlights

  • Spacious one- and two- bedroom units.
  • Vinyl windows.
  • Updated LVP flooring.
  • Concrete construction.
  • All electric appliances, with gas stoves.
  • Select units have washer/dryer connections.
  • Private dog park.
  • Renovated coin laundry facilities.
  • On-site leasing office.
  • Spacious community courtyard.
  • Walkability to new restaurants and retail.

Contact Information

Pat Knowlton Senior Advisor P: 719.3648.0423
O: 800.746.3175 ext. 769
pknowlton@capstone-companies.com
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