properties

Colorado: Ridgeview Place Apartments –
Colorado Springs

Gross Building Size: 336 units in 39 buildings

A value-added purchase of a 336-unit apartment complex situated on a 25.1 acre site. The complex, built in 1984, has 45% one-bedroom units, 48% two-bedroom units and 7% three-bedroom units. The property is extremely unique in this market due to its extremely low density of only 13.4 units per acre, a tremendous location immediately adjacent to a 740 acre city park, and a very large average unit size of 883 square feet. Substantial rehabilitation of the property has been completed including upgrades to all common areas, a total renovation of the clubhouse and leasing office and substantial upgrades to the unit interiors.

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