For Sale
$675,000

4331 Ericson Dr Colorado Springs, CO 80906

Four-unit apartment building, excellent income.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a meticulously maintained, four-unit apartment building located at 4331 Ericson Dr, Colorado Springs, CO 80906. The property, built in 197[Year missing from data], underwent a complete renovation in 2020, ensuring modern amenities and maximizing its appeal to tenants. The building encompasses 2,955 square feet and sits on a generous 7,150 square foot lot. All four units are currently occupied, providing immediate and consistent cash flow for the investor. The property offers convenient off-street parking with four spaces available for residents. Its strategic location provides easy access to key areas, including a five-minute drive to Fort Carson Gate 3 and Pikes Peak State College, enhancing its desirability and rental potential. This single-story building represents a turnkey investment opportunity with strong potential for long-term growth and return. The property's recent renovation minimizes future maintenance needs, allowing for a more predictable and profitable investment. The high occupancy rate further underscores the property's strong market position and the consistent demand for rental units in this desirable Colorado Springs location. The asking price for this exceptional multifamily property is $675,000.

Highlights

  • 100% Occupancy.
  • All units renovated within the past five years.
  • Offers off-street parking.
  • Five-minute drive to Fort Carson Gate 3.
  • Five-minute drive to Pikes Peak State College.

Property Details for 4331 Ericson Dr

Property type
Apartment buildings
Square Feet
2,955 SF
Year Built/Renovated
197/2020
Buildings
1
Stories
1
Units
4

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.7686197
Longitude
-104.7945994

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, excellent income.
Where is the apartment building located?
The property is located at 4331 Ericson Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 100% Occupancy.; All units renovated within the past five years.; Offers off-street parking.
How can I contact the broker?
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4331 Ericson Dr
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