Cap Rates in Colorado Springs

[David Long]

Hi There, I'm looking for some insight on average cap rates in Colorado Springs for 2 - 4 unit complexes. I've looked at a bunch of properties that are listed on the MLS, but don't have complete expense data for them yet. I can see that a Rent/Price ratio of 1% plus is likely doable with some negotiation. Taxes appear relatively low in some pockets. Also, any insight on the best neighborhoods to purchase in or neighborhoods to avoid would be helpful.

I'll be traveling there and looking for investment properties next month.  I have family ties there and intend to retire in the area.  Thanks ahead of time for your help.