$720,000
$730,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
417-419 Swope AVE Colorado Springs, CO 80909
8 Beds
8 Baths
3,200 SqFt
Key Details
Sold Price $720,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $225
Subdivision Colorado Springs
MLS Listing ID 6405298
Sold Date 09/18/24
Bedrooms 8
HOA Y/N No
Originating Board recolorado
Year Built 1985
Annual Tax Amount $1,396
Tax Year 2022
Property Description
Cushman & Wakefield is pleased to present 417 & 419 Swope Ave in Colorado Springs Colorado. This is a central Colorado Springs 4-unit property, comprised of two duplexes on one lot. Located next to the US Olympic Training Center and Memorial Park, it offers residents short access to everything Colorado Springs has to offer. The well-maintained complex offers a rare and desirable mix of four 2-bedroom and 2-bathroom units, offering an attractive investment with predictable in-place returns. The owner has completed significant capital improvements including full renovations in three of the four units. Each unit is over 800 sq ft. and features two master bedrooms with ensuite bathrooms on either side of a large living room, also boasting in-unit washer and dryer hookups. The unique unit mix offers opportunity to a wide variety of tenants with off street parking and easy access to many of Colorado Springs major employers. There is still the value upside of renovating the final unit and getting all four units up to market rate rent, allowing potential investors to capitalize on increasing NOI.
Location
State CO
County El Paso
Zoning R4
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Roof Type Architecural Shingle
Total Parking Spaces 6
Garage No
Building
Story Two
Sewer Public Sewer
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Monroe
Middle Schools Holmes
High Schools Mitchell
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Cushman & Wakefield