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2480 Allegheny Dr
Colorado Springs, CO 80919

Multifamily Property For Sale · 4 Units

Investment Highlights

  • 1,000 sqft. townhome-style units with 2 beds, 1.5 baths and in-unit washer/dryer hookups
  • Operational value-add opportunity through significant rent premiums and implementing RUBs
  • Supply constrained area on the Northwest side of Colorado Springs adjacent to Wilson Ranch Community Park

Executive Summary

Cushman & Wakefield is pleased to present 2480 Allegheny Drive, a 4-unit multifamily property in Northwest Colorado Springs. The property features four 1,000 sq ft. two-story townhome style units with two bedrooms and one and a half bathrooms. Each of the four units have in-unit washer/dryers, individually metered electric (no gas at the property), front and rear entrances, and extra storage units on the back patios. The property has off-street parking, updated windows, new paint and siding, and has been well cared for by the long-term owner.
There is currently one vacant unit and the other units are on flexible leases, with an opportunity to capture rent premiums of $250-350 and implement a utility billback system for water and trash. This West side location provides residents access to major tech employers along west Garden of the Gods Road as well as short drives to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park featuring an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city.

PROPERTY FACTS

Price Per Unit $218,750
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.24 AC
Building Size 6,732 SF
Average Occupancy 100%
No. Stories 2
Year Built 1985
Parking Ratio 1.19/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Ceiling Fans
  • Carpet
  • Family Room

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 4 $1,275 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
73104-06-010
Land Assessment
$7,450
Improvements Assessment
$39,310
Total Assessment
$46,760

zoning

Zoning Code R5
R5
  • Listing ID: 33315848

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 2480 Allegheny Dr, Colorado Springs, CO 80919

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