3547 E Uintah Street Unit 3607, Colorado Springs, CO 80909

Courtesy of RE/MAX Real Estate Group LLC. (719) 534-7900

$4,750,000
List Price
$4,750,000
Status
Active
MLS#
7714557
Days on Market
312
Property Type
Apartments 6+Units
Lot Size
43,113
Acres
0.99
County
El Paso
Neighborhood
Village On Uintah
Year Built
2021

Property Description

These are brand new. Certificate of occupancy will be given in the next 2 weeks. They will be rented out as soon as the certificate of occupancy is given. Rent is only going up in this market with a huge demand for rentals! This is a great investment that is only going to get more valuable. There are 6 duplexes each consisting of one unit with a single car garage and one unit with a 2 car garage. All units are 3 bed 2.5 bath each and ready for tenants with air conditioning, all stainless kitchen appliances, washing machine, dryer, and blinds. All units have commercial grade roofing and zero scaping in the back with small patches of grass in the front yard. All units are individually metered for utilities, the only utility that the landlord is responsible for is the water on the small patches of grass in the front. This property is being offered with a projected cap rate of 5.3% and is very close to opportunity zones where there is potential for future redevelopment. This property is centrally located minutes from Powers Blvd to the east and minutes from downtown to the west. These units are expected to lease out very quickly and the complex is a great low maintenance buy and hold.

Additional Information

School District
Colorado Springs 11
Construction Status
New Construction
Fireplaces
None
Tax Year
2022
Existing Utilities
Cable, Electricity, Natural Gas, Other
Appliances
Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Existing Water
Municipal
Structure
Wood Frame
Laundry Facilities
None
Basement Foundation
Crawl Space
Optional Notices
See Show/Agent Remarks
Fence
See Remarks
Heating
Forced Air, Natural Gas
Cooling
Central Air
Earnest Money
500000

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks


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