2625-2627 E Uintah St - Apartments FOR SALE


Colorado Springs, CO 80909- Divine Redeemer
$1,375,000 USD
417-459-2155
2625-2627 E Uintah St, Colorado Springs, CO for Sale
$1,375,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2625-2627 E Uintah St
Colorado Springs, CO 80909
Divine Redeemer


HIGHLIGHTS

  • Large 2-bedroom units (850 sq. ft.) featuring in-unit washer & dryers for tenant convenience.
  • Condo-style units with future potential to sell off individual units as condos.
  • Recent capital improvements, including the installation of PEX water lines.
  • Well-maintained common areas and professional HOA management.
  • Located nearby retail, grocery, and within 10 minutes of downtown and 5 minutes from Academy Blvd.

OVERVIEW

Cushman & Wakefield is excited to present an exceptional investment opportunity at 2625–2627 East Uintah, strategically located in the heart of Colorado Springs. This property features two well-maintained 4-plex buildings, offering a total of 8 spacious units, each with an average size of 850 square feet. With its prime location and unique condo-style layout, this property provides not only a steady cash flow but also future potential for significant returns. Each of the large 2-bedroom units are thoughtfully designed with modern amenities, including in-unit washers and dryers. This adds both convenience and value, enhancing tenant satisfaction and retention. The property has been meticulously cared for, with clean, well-kept common areas and a professionally managed HOA that ensures long-term quality. Recent capital improvements, such as the installation of PEX water lines, further enhance the property’s durability, minimizing future maintenance costs and securing its long-term value. Situated in a highly desirable area of Central Colorado Springs, this property is surrounded by a wide array of retail stores, restaurants, and essential services, making it an attractive location for tenants. Its central location provides easy access to key transportation routes, making it ideal for residents who seek convenience, while also enhancing the potential for consistent rental demand. What truly sets this investment apart is its future potential for condo conversion. The condo-style design of the units positions the property for the possibility of selling individual units, a strategy that could significantly maximize future returns. With Colorado Springs’ growing popularity and demand for both rental units and condos, this opportunity offers substantial upside potential. This property is a unique opportunity for investors looking to secure immediate rental income while positioning themselves for long-term appreciation through potential condo sales. Its combination of high-quality construction, prime location, and significant future upside makes this a must-see for investors seeking strong returns in the vibrant Colorado Springs market.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

8

PRICE/UNIT

$171,875

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

1985

PARKING SPACES

74

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R5

APN/PARCEL ID

64091-24-088

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 Policy.