417-419 Swope Ave, Colorado Springs, CO 80909
4 Unit Apartment Building | $730,000 ($182,500/Unit) | Colorado Springs, CO 80909
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $730,000
- Property Type
-
Multifamily
- Square Feet
- 3,200 SF
Listing Contacts
Nic Polaski
Verified Profile
Jeff Dimmen
Verified Profile
- Property Info
Property Overview
Cushman & Wakefield is pleased to present 417 & 419 Swope Ave in Colorado Springs Colorado. This is a central Colorado Springs 4-unit property, comprised of two duplexes on one lot. Located next to the US Olympic Training Center and Memorial Park, it offers residents short access to everything Colorado Springs has to offer. The well-maintained complex offers a rare and desirable mix of four 2-bedroom and 2-bathroom units, offering an attractive investment with predictable in-place returns. The owner has completed significant capital improvements including full renovations in three of the four units. Each unit is over 800 sq ft. and features two master bedrooms with ensuite bathrooms on either side of a large living room, also boasting in-unit washer and dryer hookups. The unique unit mix offers opportunity to a wide variety of tenants with off street parking and easy access to many of Colorado Springs major employers. There is still the value upside of renovating the final unit and getting all four units up to market rate rent, allowing potential investors to capitalize on increasing NOI.
Property Details
- Class
- C
- Year Built
- 1985
- Stories
- 2
- Lot Size (sq. ft)
- 8,712 SF
- Units
- 4
Highlights
- Centrally located with quick access to Downtown COS with an in-place 6.69 CAP Rate
- Individually metered gas and electric, with utility reimbursements in place
- 800 Sqft. 2 Bed / 2 Bath, with in-unit washer and dryer
- Three out of four units have been completely renovated
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