$743,500
$766,660
3.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
3,456 SqFt
SOLD DATE : 03/21/2024
Key Details
Sold Price $743,500
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $215
Subdivision Colorado Springs
MLS Listing ID 4489583
Sold Date 03/21/24
Bedrooms 7
HOA Y/N No
Originating Board recolorado
Year Built 1972
Annual Tax Amount $1,583
Tax Year 2022
Property Description
Cushman & Wakefield is pleased to present 2903 Sage Street, a 5 unit multifamily asset in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 5 units, is located in the westside submarket of Colorado Springs, CO. The property offers one 3-bedroom, 1-bathroom unit and the remaining four are all 1-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods and UCCS. 2903 Sage Street is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property is 100% occupied.
Location
State CO
County El Paso
Zoning R5 HS
Interior
Heating Baseboard
Cooling None
Fireplace N
Exterior
Roof Type Architecural Shingle
Total Parking Spaces 4
Garage No
Building
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Vinyl Siding
Schools
Elementary Schools Adams
Middle Schools Jenkins
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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