33 University Drive

Colorado Springs, CO 80910
Beds
8
Square Ft.
3,111
$690,000
33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, allRead MoreRead Less
Market LogoCourtesy of Cushman & Wakefield [email protected]
Listing Snapshot
Days Online
16
Last Updated
Property Type
Quadruplex
Beds
8
Square Ft.
3,111
Year Built
1969
MLS Number
3703452
30 Days Snapshot Of 80910
$309k
+12%
(avg) sold price
5
+25%
homes sold
117
+50%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement, "Unfinished"
Building
Above Grade Finished Area: 3111, Below Grade Finished Area: 0, Common Walls: "2+ Common Walls", Construction Materials: "Brick", "Concrete", Levels: "One", Living Area: 3111, Occupant Type: Tenant, Structure Type: "Quadruplex", Total Area: 3111, Unit Count: 1, Unit Types: "Array", "Array", Built in 1969
Cooling
Cooling: "None"
Disclosures
Exclusions: All tenant(s) personal property.
Expenses
Operating Expense: $18,612, Projected Annual Expense: $0
Heating
Heating: "Forced Air"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 42351.00, Gross Income: $60,963, Projected Annual Net Income: $0, Projected Gross Income: $0
Laundry
Features: "In Unit"
Lot
Parcel Number: 64154-01-050
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Gas", "Insurance", "Taxes", "Water", Ownership: Individual
Parking
Parking Total: 8, Carport Spaces: 0, Offstreet Spaces: 8, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Livable Structure Count: 0, Out Building Count: 0, Property Sub Type: Quadruplex, Zoning: R5 AO
Roof
Roof: "Membrane", "Rolled/Hot Mop"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 1408, Legal Description: NLY 8.0 FT OF LOT 28, LOT 29 EX NLY 5.0 FT BLK 19 REPLAT OF BLKS 19, 24, 27, 28, 32 PARK HILL SUB 4, Tax Year: 2022
Tenant Pays
Tenant Pays: "Electricity"
Utilities
Power Production Count: 0, Utility Metering: Common Gas, Common Water, Separate Electric
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Big Frontier Group
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.