2625-2627 E Uintah St - Apartments FOR SALE


Colorado Springs, CO 80909- Divine Redeemer
$1,198,000 USD
417-459-2155
2625-2627 E Uintah St, Colorado Springs, CO for Sale
$1,198,000 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

2625 & 2627 E. Uintah St, Colorado Springs, CO. Exceptional investment opportunity to acquire two 1985-built, fully occupied fourplexes in the heart of Central Colorado Springs, just minutes from the U.S. Olympic & Paralympic Training Center. These well-maintained properties features eight spacious two-bedroom, one-bath units, averaging approximately 850 square feet each, providing stable in-place cash flow with significant long-term upside. A standout feature of this asset is its condominium-style layout & designation, creating the opportunity for future individual unit sales, offering investors an alternative attractive value-add exit strategy. Each large two-bedroom unit includes spacious bedrooms with plenty of closet space, full tile tub surrounds and in-building washers and dryers, enhancing tenant convenience and retention. Tenants are responsible for Gas and Electric directly via their own meters and the water bill is paid by HOA then recollected from Tenants in arrears. Lease rate & expiration dates for 2625 Uintah as follows: A $1200 (11/30/2026), B $1250 (6/30/2027), C $1250 (7/31/2026), D $1200 (5/31/2026). 2627 Uintah as follows: A $1099(12/31/2027), B $1025(2/28/2027), C $1099(7/31/2027), D $1350(11/1/2027). The property has been meticulously maintained, featuring clean common areas, a professionally managed HOA, and recent capital improvements, including PEX water lines, helping reduce future maintenance costs. Hassle free maintenance with HOA covering all landscaping, irrigation, snow removal, parking lot maintenance, and trash removal etc. Situated in desirable Central Colorado Springs, the property is surrounded by retail, restaurants, and everyday conveniences, with easy access to major transportation corridors that support strong and consistent rental demand. A key differentiator is the property's condo-style configuration, offering future condo conversion potential and the opportunity to sell units individually. As Colorado Springs continues to experience strong population growth and housing demand, this investment provides immediate income with the potential for significant long-term appreciation.

FOR SALE DETAILS

PRICE

$1,198,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

8

PRICE/UNIT

$149,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduction-$599k per quad!

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 Notice.