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Brittany Cowan

brittany@nocohomeliving.com +1(605) 881-8263

$690,000

Est. payment - /mo

8 Beds

4 Baths

3,111 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,111 sqft

Subdivision Colorado Springs

MLS Listing ID IRE3703452

Bedrooms 8

HOA Y/N No

Year Built 1969

Annual Tax Amount $1,408

Tax Year 2022

Source ires

Property Description

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, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.

Location

State CO

County El Paso

Community Colorado Springs

Area Out Of Area

Zoning R5 AO

Rooms

Basement Unfinished

Interior

Heating Forced Air

Exterior

Parking Features Off Street

Garage Spaces 8.0

Utilities Available Master Meter-Gas, Separate Meter Electricity

View Y/N No

Roof Type Rubber,Flat

Garage Yes

Building

Sewer Public Sewer

Level or Stories One

Structure Type Brick,Concrete

New Construction false

Schools

Elementary Schools Monroe

Middle Schools Holmes

High Schools Colorado Springs 11

School District Colorado Springs 11

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)

Listed by Lee Wagner

Nearby Locations

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Brittany Cowan

+1(605) 881-8263

Agent

33 University Colorado Springs, CO 80910

Brittany Cowan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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