Nic Polaski

8% In-Place Cap Rate.Also available for individual purchase. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park.Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market.Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value.Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

2061-2091 Furman Pt is a 4,852 Sqft multi-family built in 2003 on a 5,813 Sqft lot and located in the Pulpit Rock neighborhood in Colorado Springs. View the property estimate, details, and search for more land and homes nearby on Movoto.

This apartment is located at 33 University Dr, Colorado Springs, CO. 33 University Dr is in the Southeast Colorado Springs neighborhood in Colorado Springs, CO and in ZIP code 80910. This property has 2 bedrooms, 1 bathroom and approximately 700 sqft of floor space. This property has a lot size of 8581 sqft and was built in 1969.

With business partner Jonathan Keiler, Rike and Jonathan began their real estate careers in 1993, creating a long-term professional partnership that quickly rose to be one of the top dollar producing real estate teams in the Denver metro area. The forefront of their business has always been to offer top notch service to their clients whether buying or selling their first home, or whether their clients were experienced buyers and sellers.
 
Rike and Jonathan's market knowledge and marketing expertise has always helped their sellers achieve top dollar for their homes and their keen negotiating skills have helped their buyers get the best possible value when purchasing. Rike and Jonathan are experienced in selling all types of residential properties from single family homes to condos and townhomes and investment properties and multi-unit properties.

Nic Polaski

About Nic Polaski

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Recent property sales & transaction history

3 properties

Colorado Springs

Family Home, Apartment

$1,000,000 to $1,550,000

3,500 ft² to 4,300 ft²

Properties for sale by listing agent Nic Polaski

$582,900

$1,375,000

$1,700,000

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