Description
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.
Location
Listed By
Listing Agent
Charles Burkhart
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX Data is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by RECOLORADO®. Properties displayed may be listed or sold by various participants in the MLS. Updated: 13th November, 2026 11:34 AM (UTC)
Listed by: Charles Burkhart; Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.; charles.burkhart@marcusmillichap.com,214-336-6064
