Many investors ask “Can I still find good deals in the Colorado Springs real estate market?” The short answer is , “Yes, you can.”
The Springs market is similar to the Denver market in terms of cap rates and cash-on-cash returns, but it offers a lower entry price point. Check below for all deal analyses to learn more.
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Use the “Filter Deal Analyses” section to help filter the properties that you’re interested in.
This deal highlight shows a House Hack opportunity on the MLS. This property is centrally located, very close to downtown Colorado Springs. It also already has a kitchenette and second entrance, lending itself to being an easy conversion to a second living space. Further, it is zoned appropriately at R-4 (meaning multi-family units are authorized) to allow for a 2-family set-up.
This deal highlight shows a traditional single family rental property opportunity on the MLS. This home is centrally located close to Memorial Park. This property has a little bit of immediate equity potential too with comps selling for up to $225,000 for very similar homes nearby.
This deal highlight shows a recently listed multi-family property on the MLS. This will give an example of an "off-the-shelf” multi-family rental property for purchase.
This deal analysis breaks down how intermediate investors purchased a wholesale single family home to build their real estate investment portfolio for retirement and were able to leverage the Buy-Renovate-Rent-Refinance-Repeat (BRRRR) method in order to expedite their ability to scale and acquire more rental properties.