17 University Dr
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17 University Dr
4 Unit Apartment Building $569,000 ($142,250/Unit) 5.21% Cap Rate Colorado Springs, CO 80910
Investment Highlights
- Located adjacent to Citadel Mall
- Hair and beauty salons, fitness centers, gas stations, auto repair shops and parts supply stores, insurance services, and medical clinics are nearby
Executive Summary
Unique Properties is pleased to present 17 University Drive, a classic Colorado Springs 4-Plex offering spacious and well-maintained 2-bedroom, 1-bathroom units. Two of the units have recently been upgraded with modern kitchen cabinets and countertops, while the remaining units provide immediate potential for appliance upgrades and kitchen renovations to enhance appeal and increase future income. Additionally, the attached storage closet, equipped with existing hookups, offers an opportunity to add on-site laundry facilities. The building’s exterior is in excellent condition, requiring no upfront investment. This property presents a great opportunity, synergizing a well-maintained building that has a great potential for value enhancement.
Property Facts
| Price | $569,000 | Apartment Style | Garden |
| Price Per Unit | $142,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.21% | Building Size | 3,381 SF |
| Gross Rent Multiplier | 12.28 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 1.48/1,000 SF |
| Property Subtype | Apartment |
| Price | $569,000 |
| Price Per Unit | $142,250 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 12.28 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,381 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.48/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 845 |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 64154-01-041 | Improvements Assessment | $35,460 |
| Land Assessment | $4,580 | Total Assessment | $40,040 |
PROPERTY TAXES
Parcel Number
64154-01-041
Land Assessment
$4,580
Improvements Assessment
$35,460
Total Assessment
$40,040
(303) 321-5888
x276
Contacts
-
Phillip Dankner -
Marc Lippitt -
Spencer Halstead -
Unique Properties - Phillip Wilson Dankner
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17 University Dr
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