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Colorado Springs,CO 80909
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,470 sqft
Price per Sqft $198
Subdivision Divine Redeemer
MLS Listing ID 6915379
Style A-Frame
HOA Fees $750/mo
HOA Y/N true
Abv Grd Liv Area 3,470
Year Built 1985
Annual Tax Amount $2,259
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Income Property
Source REcolorado
Property Description
Cushman & Wakefield is excited to present an exceptional investment opportunity at 2625-2627 East Uintah, strategically located in the heart of Colorado Springs. This property features two well-maintained 4-plex buildings, offering a total of 8 spacious units, each with an average size of 850 square feet. With its prime location and unique condo-style layout, this property provides not only a steady cash flow but also future potential for significant returns. Each of the large 2-bedroom units are thoughtfully designed with modern amenities, including in-unit washers and dryers. This adds both convenience and value, enhancing tenant satisfaction and retention. The property has been meticulously cared for, with clean, well-kept common areas and a professionally managed HOA that ensures long-term quality. Recent capital improvements, such as the installation of PEX water lines, further enhance the property's durability, minimizing future maintenance costs and securing its long-term value.What truly sets this investment apart is its future potential for condo conversion. The condo-style design of the units positions the property for the possibility of selling individual units, a strategy that could significantly maximize future returns. With Colorado Springs' growing popularity and demand for both rental units and condos, this opportunity offers substantial upside potential. This property is a unique opportunity for investors looking to secure immediate rental income while positioning themselves for long-term appreciation through potential condo sales. Its combination of high-quality construction, prime location, and significant future upside makes this a must-see for investors seeking strong returns in the vibrant Colorado Springs market. OWNER IS WILLING TO SELL ONE INDIVIDUALLY OR BOTH 2625 & 2627 UINTAH TOGETHER.
Location
State CO
County El Paso
Area Out Of Area
Interior
Heating Forced Air
Exterior
Garage Spaces 12.0
Roof Type Fiberglass
Building
Story 2
Sewer City Sewer,Public Sewer
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Queen Palmer
Middle Schools Galileo
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community false
Special Listing Condition Private Owner