2305 Split Rock Dr - Apartments FOR SALE


Colorado Springs, CO 80919- Oak Valley Ranch
$865,000 USD
719-238-9074
2305 Split Rock Dr, Colorado Springs, CO for Sale
$865,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2305 Split Rock Dr
Colorado Springs, CO 80919
Oak Valley Ranch


HIGHLIGHTS

  • Four-unit apartment building totaling approximately 4,772 square feet, offering efficient management and stable rental income in growing rental market
  • Built in 1984, the property offers durable construction and potential for modest upgrades to enhance rental income and long-term asset value.
  • Colorado Springs continues to experience population expansion, job growth, and increasing housing demand, supporting long-term multifamily investment

OVERVIEW

2305 Split Rock Drive presents an attractive opportunity to acquire a four-unit multifamily property in Colorado Springs, Colorado, one of the fastest-growing cities in the Front Range. Built in 1984 and totaling approximately 4,772 square feet, the property offers investors a stable, small-scale residential asset with manageable operations and consistent rental demand. The property is located within a quiet residential neighborhood in the southeastern Colorado Springs submarket, providing residents with convenient access to major commuter routes, neighborhood retail centers, grocery stores, and everyday services. Nearby parks, schools, and community amenities contribute to a comfortable living environment that appeals to workforce renters and long-term residents. Colorado Springs continues to experience strong economic and population growth driven by its diverse employment base including defense, aerospace, healthcare, technology, and education sectors. Major nearby employers such as Fort Carson, Peterson Space Force Base, and several national defense contractors support steady housing demand throughout the region. With its desirable location, practical unit layouts, and proximity to major employment centers, 2305 Split Rock Drive provides investors with a stable multifamily investment positioned to benefit from Colorado Springs’ long-term economic growth.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

4

PRICE/UNIT

$216,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R5/CR HS

APN/PARCEL ID

73104-04-012

ASK ABOUT THIS PROPERTY

Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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Nic PolaskiCushman & WakefieldMore Info
719-238-9074

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