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Hearthstone Inn,
Colorado Springs, Colorado 80903

506 North Cascade, Colorado Springs, Colorado 80903

For Sale $4,070,000

22 Building size: 15,477sqft

Hearthstone Inn Apartments is an incredibly rare investment opportunity, located between Colorado College and Downtown Colorado Springs. The Inn was recently transformed from a 60-room Bed and Breakfast into a magnificent multi-family apartment building, receiving a Certificate of Occupancy in February of 2017. The interior of the property boasts completely remodeled units. Each with stainless steel appliances, updated electrical, plumbing, as well as a central fires alarm and fire sprinkler system. The exterior features the low-maintenance, zero-scaped yard, and new roof and decking as of 2015. Contrary to all the updates, this stunning property still maintains the charm and integrity of the early 1900’s Victorian it once was.
Owners of other multi-family buildings in this area typically report full vacancy at their properties, with annual leases executed months in advance. The Hearthstone Inn is an ideal property for faculty housing or downtown professionals craving the convenience of living within walking distance to the urban core, while enjoying the amenities the nearby North End offers.

Zach Hansen

Principal of Sales

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Primary Features

Property Type: Multifamily

Lot size: 22085

Year Built: 1904

Building Size: 15477sqft

No of Stories: 3

No of Units: 22

No of Buildings: 2

Unit Mix: Studio: 1, 1 Bed 1 Bath: 15, 2 Bed 1 Bath: 5, 2 Bed 2 Bath: 1

Location Information

Contact

Get in touch with Zach to discuss Hearthstone Inn

Zach Hansen

Principal of Sales

View profile
Thank you

Thank you for contacting us!
We will be in contact shortly.