2627 E Uintah Street, Colorado Springs, CO 80909
Local realty services provided by:ERA New Age
2627 E Uintah Street,Colorado Springs, CO 80909
$687,500
- - Beds
- - Baths
- 3,470 sq. ft.
- Multi-family
- Active
Listed by:nic polaskiNic.Polaski@cushwake.com,719-238-9074
Office:cushman & wakefield
MLS#:6915379
Source:ML
Price summary
- Price:$687,500
- Price per sq. ft.:$198.13
- Monthly HOA dues:$750
About this home
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.
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Home facts
- Year built:1985
- Listing ID #:6915379
Rooms and interior
- Living area:3,470 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1985
- Building area:3,470 sq. ft.
- Lot area:0.04 Acres
Schools
- High school:Palmer
- Middle school:Galileo
- Elementary school:Queen Palmer
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$687,500
- Price per sq. ft.:$198.13
- Tax amount:$2,259 (2024)
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