4319 Lashelle Ave - Apartments FOR SALE


Colorado Springs, CO 80906- Stratmoor Hills
$629,000 USD
417-459-2155
4319 Lashelle Ave, Colorado Springs, CO for Sale
$629,000 USD
Apartments - FOR SALE
1/16
null | 7.29% Cap Rate

4319 Lashelle Ave
Colorado Springs, CO 80906
Stratmoor Hills


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY- Current rents are below market. Upside available through rent increases and RUBS implementation.
  • RECENT CAPITAL IMPROVEMENTS - Fresh exterior paint and new xeriscaping significantly boost curb appeal and minimize landscape maintenance.
  • LOW MAINTENANCE ASSET - Simple mechanical systems and durable finishes; ideal for first-time multifamily buyers or portfolio expansion.
  • TENANT-FRIENDLY AMENITIES - Off-street parking, coin-op laundry, and proximity to public transportation.
  • RECENT CAPITAL IMPROVEMENTS - Fresh exterior paint and new xeriscaping significantly boost curb appeal and minimize landscape maintenance.

OVERVIEW

Cushman & Wakefield is pleased to present 4319 Lashelle, a rare opportunity to acquire a fourplex in the heart of Colorado Springs’ rapidly appreciating Southside. Nestled just minutes from Fort Carson, major retail corridors, and national grocery chains, this well-positioned property offers both immediate income and long-term upside. This asset benefits from recent capital improvements, including fresh exterior paint and low-maintenance xeriscaping, enhancing curb appeal while reducing ongoing expenses. Each unit is separately metered for electric, and ownership has maintained solid occupancy with long-term tenants. Investors have a clear path to increase value by raising rents to market levels, implementing RUBS for utility reimbursement, and adding coin operated laundry machines to maximize income streams. Off-street parking adds tenant convenience and increases property desirability.

FOR SALE DETAILS

PRICE

$629,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

4

PRICE/UNIT

$157,250

CAP RATE

7.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM-30

APN/PARCEL ID

65054-10-010

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 Policy.