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144-Unit Value-Add & Partial LIHTC Multifamily Asset in Colorado Springs, CO - #1
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Shadow Mountain Apartments were built in 2003 under the Section 42 Low Income Housing Tax Credit (LIHTC) program.  The property offers large floor plans including sixty 2-bedroom, seventy-eight 3-bedroom, and six 4-bedroom units and boasts a large clubhouse, swimming pool, basketball court, and playground area.  In 2021, the current owner spent over $2,000,000 in capital improvements adding modern finishes to all units.  The future owner will benefit from such a well-maintained and amenity-rich asset as well as from the desirable floor plans featuring 9’ ceilings, modern finishes, in-unit washer & dryer, and individual heating and air conditioning. 


Shadow Mountain Apartments is located in the beautiful foothills of northern Colorado Springs giving residents an exclusive backdrop of the Rocky Mountains while also having the easy commute to major employers and city amenities.