$730000 Price Analysis 417-419 Swope AveColorado Springs, CO 80909 8 bed 8 bath 3200 SqFt ($228/SqFt) Built 1985 Listed 2024-05-24 | Ⓧ USDA Ineligible due to location near Colorado Springs |
This is a central Colorado Springs 4-unit property, comprised of two duplexes on one lot. Located next to the US Olympc 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.
Presented by Nic Polaski at
Cush & Wakefield.
Property MLS #6405298 from REcolorado
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.