For Sale
$4,750,000

3547-3607 Uintah StColorado Springs, CO 80909

12-Unit Apartment Complex, 5.3% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Colorado Springs, CO. This meticulously maintained multifamily property boasts twelve 3-bedroom, 2.5-bathroom units spread across six duplex buildings on a substantial 43,113 sq ft lot. Built in 2022-2023, the property features modern amenities including stainless steel appliances, washers/dryers, air conditioning, and blinds in each unit. Each unit also includes either a single or double car garage. The complex benefits from individually metered utilities (except for minimal front yard water usage), minimizing landlord responsibilities and maximizing efficiency. The property enjoys a 100% occupancy rate, generating a strong 5.30% capitalization rate at an asking price of $4,750,000. The buildings are constructed with commercial-grade roofing and feature low-maintenance landscaping. Strategically located near Powers Blvd and downtown, this property offers convenient access to major thoroughfares and is situated close to opportunity zones, presenting potential for future appreciation. This is a turnkey, low-maintenance buy-and-hold investment ideal for passive income generation. The property is zoned OR. This is a rare opportunity to acquire a high-performing, newly constructed multifamily asset in a thriving Colorado Springs market.

Property Details for 3547-3607 Uintah St

Property type
Apartment buildings
Year Built
2022
Buildings
6
Stories
2
Units
12

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.848086
Longitude
-104.761636
3547-3607 Uintah St, Colorado Springs, Colorado

FAQs

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3547-3607 Uintah St
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