Royal Arms Apartments
10 Via Maria Theresia Manitou Springs, CO 80829
Building Overview
- Address 10 Via Maria Theresia Manitou Springs, CO 80829
- Property Type Multifamily
- Units 14
- Stories 1
- Year Built 1952
- Parking Off-street surface parking lot for residents
- Price $1,400,000
Investment Summary
10 Via Maria Theresia (The Royal Arms Apartments) presents a rare opportunity to acquire a 14-unit value-add multifamily asset in the highly supply-constrained Manitou Springs market. Built in 1952, adjacent to the foothills near Garden of the Gods, the property offers a desirable unit mix of efficient studio apartments (approximately 375 square feet) and spacious one-bedroom units ranging from approximately 500 to 900 square feet, catering to the area's strong demand for attainable housing.
Ideally situated with convenient access to both Manitou Springs and Old Colorado City, residents enjoy proximity to a vibrant mix of local shops, restaurants, entertainment, and outdoor recreation. The property's established operating history, consistently strong occupancy, and dependable tenant base—supported by nearby employers and the area's thriving tourism industry—provide a solid foundation for future ownership. With opportunities to enhance operations and increase value, The Royal Arms Apartments represents a compelling investment in one of the Pikes Peak region's most desirable submarkets.
