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$1,990,000

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Multifamily

9,333 Sq. Ft.

22 Bedrooms

0 Bathrooms

276 Days on market

2880824 MLS ID

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About not provided multi-family property

Cushman & Wakefield is pleased to present University Drive Apartments. This opportunity consists of (3) identically constructed quadruplexes in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. University Drive Apartments are an exciting opportunity comprised of 12 units located in the Southeast submarket of Colorado Springs, CO. The property offers ten spacious, 2-bedroom, 1-bathroom apartments and two 1-bedroom, 1-bathroom units with recent renovations. The property benefits from its close-proximity to several employers including Amazon, Wal-Mart, Starbucks, Lowes, big-box retailers and various Dining Facilities. Additionally, the property’s adjacency to nearby parks and suburban neighborhoods such as Valley Hi Golf Course, Wagner Park and Leon Young Sports Complex allow new coming residents to feel right at home. University Drive Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. University Drive Apartments stands as an enticing opportunity to join the growing real estate market in Colorado Springs, CO.
Cushman & Wakefield is pleased to present University Drive Apartments. This opportunity consists of (3) identically constructed quadruplexes in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. University Drive Apartments are an exciting opportunity comprised of 12 units located in the Southeast submarket of Colorado Springs, CO. The property offers ten spacious, 2-bedroom, 1-bathroom apartments and two 1-bedroom, 1-bathroom units with recent renovations. The property benefits from its close-proximity to several employers including Amazon, Wal-Mart, Starbucks, Lowes, big-box retailers and various Dining Facilities. Additionally, the property’s adjacency to nearby parks and suburban neighborhoods such as Valley Hi Golf Course, Wagner Park and Leon Young Sports Complex allow new coming residents to feel right at home. University Drive Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. University Drive Apartments stands as an enticing opportunity to join the growing real estate market in Colorado Springs, CO.

Property details

Bathrooms

12 total baths

Bedrooms

22 total bedrooms

Building

Above Grade Finished Area: 9333

Construction Materials: "Brick", "Concrete"

Levels: "One"

Living Area: 9333

Structure Type: "Quadruplex"

Total Area: 9333

Unit Count: 2

Unit Types: "Array", "Array"

Built in 1969

Cooling

Cooling: "None"

Disclosures

Attribution Contact: Nic.Polaski@cushwake.com,719-238-9074

Exclusions: N/A

Heating

Heating: "Forced Air"

Home Owner's Association

Association Fee Total Annual: $0

Association Fee Annual: 0.00

Association Fee 2 Annual Expense: 0.00

Association Fee 3 Annual Expense: 0.00

Laundry

Features: "In Unit"

Listing

Listing Id: REC2880824

Standard Status: Active

Mls Status: Active

Listing Contract Date: 2023-07-27

Listing Terms: "Cash", "Conventional"

Original List Price: $1,990,000

Special Listing Conditions: "None"

Location

County Or Parish: El Paso

Subdivision Name: Colorado Springs

Lot

Parcel Number: 64154-01-056

Energy Saving

Green Verification Count: 0

Owner Pays

Ownership: Individual

Parking

Parking Total: 24

Carport Spaces: 0

Offstreet Spaces: 24

Reserved Spaces: 0

RV Spaces: 0

Parking Count: 1

Property

Livable Structure Count: 0

Out Building Count: 0

Property Sub Type: Quadplex

Zoning: R5 AO

Roof

Roof: "Architecural Shingle", "Membrane"

Schools

Elementary School: Monroe

Elementary School District: Colorado Springs 11

Middle Or Junior School: Holmes

Middle Or Junior School District: Colorado Springs 11

High School: Doherty

High School District: Colorado Springs 11

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 1431

Legal Description: LOT 32 EX SLY 1.0 FT, SLY 4.0 FT OF LOT 33 BLK 19 REPLAT OF BLKS 19, 24, 27, 28, 32 PARK HILL SUB 4

Tax Year: 2022

Utilities

Power Production Count: 0

Monthly cost

Estimated monthly cost

$12,267/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,870,600

+$59,700

$1,930,300

Seller agent commission$59,700 (3%)*

$0 (0%)

Buyer agent commission$59,700 (3%)*

$59,700 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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State

  • Mobile Homes for sale in Colorado
  • Real Estate for Sale in Colorado

Unreal Estate checked: Aug 8, 2023 at 4:38 p.m.

Data updated: Jul 27, 2023 at 8:05 p.m.

Courtesy of Cushman & Wakefield Nic.Polaski@cushwake.com,719-238-9074
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 are marked with the IDX Logo. This information is being provided for the consumers\’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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Listing Information © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved. 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

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