3925 E San Miguel St Colorado Springs, CO 80909

Listing details for 3925 E San Miguel St, Colorado Springs, CO 80909 : The Greenbriar Apartments is a meticulously maintained 16-unit apartment complex boasting a diverse unit mix of one- and two-bedroom units. Currently self-managed, the community presents a unique opportunity for new ownership to increase Net Operating Income (NOI) through rent adjustments, as long-term tenants on month-to-month leases are below nearby market comparables. Strategically located in the heart of Colorado Springs, residents enjoy quick access to Downtown, the Colorado Springs Airport, Citadel Shopping, and Palmer Park. The Greenbriar Apartments’ rent growth potential and prime location present an attractive investment opportunity for investors seeking both stability and value-add potential. 1. Strong unit mix: half are one-bed units and the other half are two-beds 2. Well-maintained asset with no Cap-Ex anticipated 3. Centrally located in Colorado Springs 4. Recently paved driveway leading to off-street parking lot 5. Current rents below nearby market comparables 6. All leases are month-to-month