Colorado Springs is an attractive city for real estate investment, known for its beautiful scenery, pleasant climate, and thriving economy. As the second largest city in Colorado, it has seen steady population and job growth over the past decade. Key factors driving demand for investment properties in Colorado Springs include the presence of military bases, the growing technology sector, and relative affordability compared to other Front Range cities. Wise investors should consider top neighborhoods like Old Colorado City and Briargate, and utilize expert tips for finding profitable deals.
Old Colorado City is a top choice for investment properties
Dating back to 1859, the historic Old Colorado City neighborhood features vibrant small businesses and charming Victorian architecture. Investors will discover strong housing demand in this walkable community near downtown. The location off I-25 and proximity to attractions like Garden of the Gods also boost Old Colorado City’s investment potential.
Briargate appeals to military families and offers stability
Briargate sits just east of the U.S. Air Force Academy, appealing to military personnel. Nearly one third of its residents have a military connection. This built-in rental demand makes the area favorable for investment property owners. Briargate also features new construction, planned amenities like parks, and excellent Highway 24 access.
Utilize property management to tap Colorado Springs’ potential
Investors based elsewhere can still capitalize on Colorado Springs’ appeal by working with a professional property management company. They will handle advertising vacancies, screening tenants, collecting rents, coordinating maintenance, and keeping investors informed. Reputable property managers understand the local rental market and safeguard your investment.
From charming Old Colorado City to the stability of Briargate, Colorado Springs offers superb options for investment property buyers. Smart investors also employ property management to effectively operate rentals in this military and tech hub.