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Colorado: Cascade Park Apartments – Colorado Springs

Gross Building Size: 77 units in six buildings

A value-added purchase of a 77-unit historic apartment complex situated on a 2.4 acre site. The unit mix is 27% studios, 53% one-bedroom units, 19% two-bedroom units and 1% three-bedroom units. The property was only 50% occupied at the date of purchase and nearly 25% of the complex was uninhabitable due to poor management and lack of capital. Substantial rehabilitation of the property has been completed including upgrades to all common areas and unit interiors.

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