4331 Ericson DrColorado Springs, CO 80906

Property Details for 4331 Ericson Dr

Year built

197

Property size (Sq ft)

2,955 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.7686

Longitude

-104.795

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