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$690,000
Est. payment /mo
8 Beds
3,111 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,111 sqft
Price per Sqft $221
Subdivision Colorado Springs
MLS Listing ID 3703452
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,111
Year Built 1969
Annual Tax Amount $1,408
Tax Year 2022
Property Sub-Type Quadruplex
Source recolorado
Property Description
33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
Location
State CO
County El Paso
Zoning R5 AO
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace N
Laundry In Unit
Exterior
Roof Type Membrane,Rolled/Hot Mop
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Level or Stories One
Structure Type Brick,Concrete
Schools
Elementary Schools Monroe
Middle Schools Holmes
High Schools Doherty
School District Colorado Springs 11
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Cushman & Wakefield
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