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54 Beds
54 Baths
22,068 sqft

$4,000,000

2625 Ore Mill Road, Colorado Springs CO, 80904

Price per sqft$181.26
Built in1983
Property size22,068 sqft
Property typeMulti-family

Overview

Active

Listed Nov 12, 2026

Updated 45h ago

Parker Place Apartments is a 54-unit, fully renovated and 100% occupied multifamily community in Colorado Springs. Offered at $4.0 million, or approximately $74,074 per unit, the property provides an attractive low-basis investment with an 8.32% going-in cap rate, increasing to 9.15% in Year 1, and projected double-digit cash-on-cash returns. Catering primarily to 55+ and veteran residents while remaining open to the broader rental market, Parker Place combines stabilized cash flow, minimal near-term capital needs, and a differentiated resident profile.

$26,612/mo

Est. mortgage payment based on a $4,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5902137

Interior Features

Bedrooms
54
Bathrooms
54
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$34,180
Tax Frequency
Annually
55+/Senior Community
Yes
MLS provider logo
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc., Charles Burkhart, Listing Contact: [email protected],214-336-6064 
 

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