935 Hathaway Dr - Apartments FOR SALE


Colorado Springs, CO 80915- Cimarron Hills
$675,000 USD
719-900-1125
935 Hathaway Dr, Colorado Springs, CO for Sale
$675,000 USD
Apartments - FOR SALE
1/22
null | 8.4% Cap Rate

935 Hathaway Dr
Colorado Springs, CO 80915
Cimarron Hills


OVERVIEW

It's a low-maintenance & profitable investment opportunity. Four 2-bed/1-bath units with quiet, reliable tenants. Current rental income is $5445 per month. Each unit offers an open floor plan, a front deck, back balcony, large kitchen, fireplace, washer/dryer, water heater, dishwasher & radiant heating. Beautiful views of Pikes Peak. The building was constructed in the 80s & has older finishes (flooring, doors, and counters), but all systems are fully functional. A new roof was installed in 2021. Overall, this is a solid, hands-on investment that an owner can easily self-manage. Strong income, good tenants make this a dependable long term investment. Annual Expenses: Property Taxes: $2,385 Insurance: $509 Water: $3,948 (electric is separately metered & paid by tenants; no gas) Trash: $310 Repairs & Maintenance: $2,055

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

4

PRICE/UNIT

$168,750

CAP RATE

8.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM-30 CAD-

APN/PARCEL ID

54074-07-029

ASK ABOUT THIS PROPERTY

Lia LeeKsouth Automotive IncMore Info
719-900-1125

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Lia LeeKsouth Automotive IncMore Info
719-900-1125

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