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$750,000

$800,000 (-6.25%)

$0/mo

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Multifamily

3,000 Sq. Ft.

319 Days on market

4158163 MLS ID

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About not provided multi-family property

Cushman & Wakefield is pleased to present the Straus Lane Apartments, an 8 unit portfolio consisting of identical side by side quadraplexes ($800K per quadraplex). Each property consists of all 2 bed/1 bath units each totaling 750 SF. Each unit offers front and rear entrances with private patios for each tenant. Furthermore some units have undergone recent interior renovations, such as new cabinets, new appliances, fresh interior and both properties have benefited from new exterior paint. Investors have the ability to continue the renovation plan as well as increase rents to market rate as leases roll over. Furthermore, investors have the opportunity to capitalize on implementing a utility reimbursement program. Both 2904 & 2906 Straus Lane shall be purchased together. Please contact Nic Polaski with inquires or questions.
Cushman & Wakefield is pleased to present the Straus Lane Apartments, an 8 unit portfolio consisting of identical side by side quadraplexes ($800K per quadraplex). Each property consists of all 2 bed/1 bath units each totaling 750 SF. Each unit offers front and rear entrances with private patios for each tenant. Furthermore some units have undergone recent interior renovations, such as new cabinets, new appliances, fresh interior and both properties have benefited from new exterior paint. Investors have the ability to continue the renovation plan as well as increase rents to market rate as leases roll over. Furthermore, investors have the opportunity to capitalize on implementing a utility reimbursement program. Both 2904 & 2906 Straus Lane shall be purchased together. Please contact Nic Polaski with inquires or questions.

Property details

Building

Above Grade Finished Area: 3000

Building Area Total: 3000

Construction Materials: "Wood/Frame", "Wood Siding"

Total Sq Ft: 3000

Levels: "Two"

Living Area: 3000

Living Area Units: Square Feet

Stories: 2

Year Built: 1983

Bedrooms

Bedrooms Total: 2

Location

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.874336

Longitude: -104.840187

MLS Area Major: Out of Area

Postal Code: 80907

State Or Province: CO

Street Name: Straus

Street Number: 2904

Street Suffix: Ln

Subdivision Name: Colorado Springs

Unparsed Address: 2904 Straus Ln Colorado Springs CO 80907

Garage

Covered Spaces: 4

Garage Spaces: 4

Garage YN: t

Garage Type: Off Street

Utilities

Electric: "Electric"

Gas: "Natural Gas"

Utilities: "Natural Gas Available", "Electricity Available"

Schools

Elementary School: Bristol

High School: Coronado

High School District: Colorado Springs 11

Middle Or Junior School: Holmes

Heating

Heating: "Baseboard"

Heating YN: t

Bathrooms

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Unit One

Bedrooms Unit 1: 2

Est Sq Ft Unit 1: 750

Number Of Units Unit 1: 4

Rent Unit 1: $1,288

Property

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Taxes

Has Metro Tax District: No

Tax Annual Amount: 1948

Tax Year: 2022

Water Features

Has Water Rights: No

Unit Two

Number 2 Bedroom Units: 4

Listing

Price Per Sq Ft: 250

Listing Id: 4158163

Listing Terms: "Cash", "Conventional"

List Price: 750000

Mls Status: Active

Number Of Units Total: 4

Special Listing Conditions: "Private Owner"

Standard Status: Active

Lot

Lot Size Units: Square Feet

Monthly cost

Estimated monthly cost

$4,623/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$705,000

+$22,500

$727,500

Seller agent commission$22,500 (3%)*

$0 (0%)

Buyer agent commission$22,500 (3%)*

$22,500 (3%)*

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

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with an Unreal Estate agent

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State

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

Unreal Estate checked: May 19, 2024 at 10:10 p.m.

Data updated: Jul 28, 2023 at 8:45 p.m.

Courtesy of Nic Polaski, Cushman & Wakefield Nic.Polaski@cushwake.com,719-238-9074
This content last updated on 07/28/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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