Description

Arbor Pointe is a 171-unit community positioned along Hancock Expressway, a key corridor between I-25 and the Colorado Springs Airport, and located within a designated Opportunity Zone in El Paso County. The property has seen extensive improvements, including renovated unit interiors and upgraded hallway finishes. Major systems—including roofs, windows, and mechanical components—are all in strong condition, and recently installed solar panels have significantly lowered common-area electricity expenses. The community offers generous space for additional amenities and includes an on-site leasing and management office. Arbor Pointe operates under a Land Use Restriction Agreement (LURA) through 2043, though its impact on performance is minimal: only 4 units are set at 30% AMI, 34 at 50% AMI, and 133 at 80% AMI. Importantly, allowable rents for 50% AMI units in El Paso County currently exceed prevailing market rents and continue to rise annually. This structure supports highly advantageous financing options and stronger leverage upon stabilization. With strategic exterior enhancements and ongoing interior upgrades, investors can capture substantial upside—potentially achieving double-digit cash-on-cash returns in Year 1 by raising rents to market levels.