2245-2251 Split Rock Dr - Apartments FOR SALE


Colorado Springs, CO 80919- Oak Valley Ranch
$875,000 USD
719-433-1102
2245-2251 Split Rock Dr, Colorado Springs, CO for Sale
$875,000 USD
Apartments - FOR SALE
1/10
null | 7.16% Cap Rate

2245-2251 Split Rock Dr
Colorado Springs, CO 80919
Oak Valley Ranch


HIGHLIGHTS

  • Stable 4-unit asset (low management complexity)

OVERVIEW

Well-maintained four-unit multifamily property located in the highly desirable northwest Colorado Springs submarket. Built in 1983, this asset features four spacious units, each offering 2 bedrooms and 2 bathrooms with functional layouts that appeal to a broad tenant base. Each unit includes a fireplace, private outdoor space (balcony or fenced yard), washer and dryer hookups, and dedicated storage, providing a strong combination of comfort and practicality. The property has seen recent capital improvements, including updates to major systems and exterior components, helping to minimize near-term maintenance requirements. Situated in the Mountain Shadows/Oak Valley Ranch area, the property benefits from close proximity to Ute Valley Park, Garden of the Gods, and numerous retail and dining amenities. The location offers strong tenant demand driven by its access to outdoor recreation, scenic views, and convenient connectivity to major employment corridors. This asset presents an excellent opportunity for investors seeking stable cash flow in a high-demand rental market, with additional upside through continued rent growth and interior upgrades.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

4

PRICE/UNIT

$218,750

CAP RATE

7.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,010 SF

ZONING

R5 HS, Colorado Springs

APN/PARCEL ID

73104-04-008

ASK ABOUT THIS PROPERTY

Brian CanadyHoff & Leigh Colorado Springs, LLCMore Info
719-433-1102

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Brian CanadyHoff & Leigh Colorado Springs, LLCMore Info
719-433-1102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.