1015-1017 Bennett Ave presents the opportunity to acquire a recently renovated multifamily property featuring large-format two-bedroom, two-bath residences in a well-positioned Colorado Springs location. The asset has been thoughtfully upgraded with two units featuring stainless steel appliances, luxury vinyl plank flooring, new countertops, tile & fiberglass tub surrounds, updated doors, custom fireplace surrounds, and in-unit washer and dryers creating limited near-term capital requirements.
Built in 1985, the property offers units with an expansive ~800 SF, 2BD/2BA master en-suite layout, a highly desirable floor plan in the Colorado Springs rental market where renters increasingly prioritize space, privacy, and functionality. Combined with assigned off-street parking, these features align well with the preferences of the area’s professional, military, and long-term renter base.
The property’s infill location near grocery, retail, and dining amenities, along with close proximity to the U.S. Olympic & Paralympic Training Center and a short drive to Downtown Colorado Springs, positions it to directly benefit from the city’s diverse employment drivers.
As Colorado Springs continues to experience steady population growth and inmigration, demand for renovated, mid-sized multifamily assets in established neighborhoods remains strong, particularly where new supply is limited. 1015-1017 Bennett Ave modern interiors, efficient unit mix, and proximity to employment and lifestyle centers make it well-positioned to capture this demand while offering stable cash flow and long-term value preservation.