2350 Split Rock Dr - Apartments FOR SALE


Colorado Springs, CO 80919- Oak Valley Ranch
$875,000 USD
417-459-2155
2350 Split Rock Dr, Colorado Springs, CO for Sale
$875,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

2350 Split Rock Dr
Colorado Springs, CO 80919
Oak Valley Ranch


HIGHLIGHTS

  • Long term attentive owner with significant pride of ownership.
  • Desirable northwest Colorado Springs location.
  • Flexible leases with an opportunity to increase rents and bill back utilities as leases turn.
  • Rare townhome style 2 bed, 1.5 bath units with individual gas and electric and in-unit washers and dryers.
  • Great opportunity for an owner occupant with fully renovated unit and oversized shed available to move in immediately.

OVERVIEW

2350 Split Rock Drive presents an attractive opportunity to acquire a townhome style four-unit multifamily property totaling 3,904 square feet in one of the most desirable & established rental markets within the Colorado Springs submarket. Built in 1984, the property offers investors an efficient, manageable asset with four residential units each offering 2BD and 1.5BA nearing 1000SF each with six surface parking spaces. Each unit features front & rear entrance, in unit washer & dryer hookups and spacious bedrooms with large closets. Located in the 80919 area, the property benefits from a desirable residential setting with convenient access to major roadways, employment centers, retail, dining, recreation, and other everyday amenities. The surrounding area includes established residential neighborhoods and is positioned near the outdoor attractions that contribute to the appeal of northwest Colorado Springs. Colorado Springs continues to benefit from a diversified economy supported by defense, aerospace, healthcare, technology, education, and other major employment sectors. The property’s combination of a limited four-unit scale, dedicated parking, established construction, and location within a strong Colorado Springs rental market makes 2350 Split Rock Drive an appealing opportunity for investors seeking stable multifamily exposure with potential for long-term income growth and appreciation.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

4

PRICE/UNIT

$218,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R5/CR HS

APN/PARCEL ID

73104-05-010

ASK ABOUT THIS PROPERTY

Lee WagnerCushman & WakefieldMore Info
417-459-2155

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Lee WagnerCushman & WakefieldMore Info
417-459-2155

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