3006 & 3014 N Institute, Colorado Springs, CO 80907
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3006 & 3014 N Institute,Colorado Springs, CO 80907
$649,000
- 8 Beds
- 4 Baths
- 2,304 sq. ft.
- Multi-family
- Active
Listed by: lee wagner
Office: cushman & wakefield
MLS#:2124802
Source:ML
Price summary
- Price:$649,000
- Price per sq. ft.:$281.68
About this home
3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint. The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units with 2 of 3 current rents at $1,295 per month per unit, while maintaining a manageable scale for both hands-on and professional ownership.
The property benefits from its location in Colorado Springs, one of Colorado’s largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs....
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Home facts
- Year built:1954
- Subdivision & Development:Venetian Village
- Listing ID #:2124802
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Flooring:Carpet, Tile
- Kitchen Description:Freezer, Oven, Range, Refrigerator
- Living area:2,304 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1954
- Building area:2,304 sq. ft.
- Architectural Style:Traditional
- Construction Materials:Frame
- Exterior Features:Patio
- Levels:1 Story
Schools
- High school:Coronado
- Middle school:Mann
- Elementary school:Edison
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$649,000
- Price per sq. ft.:$281.68
- Tax amount:$1,525
Features and amenities
- Laundry features:In Unit
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