Manitou Springs Properties between $1,500,000 and $2,000,000 for Sale

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Newest Manitou Springs Properties between $1,500,000 and $2,000,000 for Sale

$1,750,000

4819643 MLS

Capital Property Group is pleased to present the Ruxton Apartments located in Manitou Springs. This is an investment opportunity to acquire twelve (12) units in the extremely desirable city of Manitou Springs. The Ruxton Apartments sit in the heart of downtown Manitou Springs within walking distance of all the city’s restaurants, cafés, and retail stores. Just blocks from the property you will also find attractions like the Manitou Incline, Garden of the Gods, Miramont Castle Museum, and the Manitou Springs Heritage Center and Museum. The Ruxton Apartments are just a 15-minute drive from Colorado Springs, the second most populated city in the state of Colorado. The Ruxton Apartments consist of five (5) two (2) story walk-up buildings with exterior walkways. The unit mix is two (2) studio units, six (6) one bed one bath units, and four (4) two bed one bath units. A majority of the units have been renovated under current ownership since the last sale in April of 2021.

115-117 Ruxton Avenue, Manitou Springs

$1,750,000

5019637 MLS

Capital Property Group is pleased to present the Ruxton Apartments located at 115-117 Ruxton Ave, Manitou Springs, CO 80829. This is an investment opportunity to acquire twelve (12) units in the extremely desirable city of Manitou Springs. The Ruxton Apartments sit in the heart of downtown Manitou Springs within walking distance of all the city’s restaurants, cafés, and retail stores. Just blocks from the property you will also find attractions like the Manitou Incline, Garden of the Gods, Miramont Castle Museum, and the Manitou Springs Heritage Center and Museum. The Ruxton Apartments are just a 15-minute drive from Colorado Springs, the second most populated city in the state of Colorado. The Ruxton Apartments consist of five (5) two (2) story walk-up buildings with exterior walkways. The unit mix is two (2) studio units, six (6) one bed one bath units, and four (4) two bed one bath units. A majority of the units have been renovated under current ownership since the last sale in April of 2021. Currently the Ruxton Apartments are being rented for under market value and would give a future investor the opportunity to raise rents immediately and increase NOI. Owners of other multi-family buildings in the area typically report full occupancy at their properties, with annual leases executed months in advance

Manitou Springs

$1,999,000

9293965 MLS

Premium Location! This neighborhood auto repair shop is located along busy Manitou Ave. Thousands of cars drive by this site every day on their route into Historic Manitou Springs. Also, Out-of-town visitors are in need of reliable auto repair. Exposure of this type is hard to find. This auto repair shop benefits from years of customer referrals and an excellent reputation. Business is thriving with a mix of repeat/new local business and out-of-town visitors. Buyers will have a significant opportunity for upside growth. This standalone building sits on nearly one-third of an acre with ample parking spaces. Easy access on and off of Manitou Ave and minutes from both Colorado Springs and the Rockies. If Automotive Service is what you are looking for this property is turnkey allowing you to start working immediately. This shop has 7 technician bays, and 7 post lifts(one of which is a frontend alignment lift). There is a restroom and a waiting area for customers. The Owner is including the business and is willing to leave the name of the business, and phone number along with all of the trade fixtures, lifts, frontend alignment machine, parts cleaning equipment, and other items described on equipment list. This building was at one time a gas station and still features the iconic canopy. The gas tanks were removed over 30 years ago and the property docs include an environmental study clearing the tanks. P&Ls will show EXCELLENT Return on Investment. Use your business model to continue the growth of this established location and business. Contact Listing Agents to schedule a visit to this incredible location.

449 Manitou Avenue, Manitou Springs

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