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Map
$550,000
●
Multifamily -
Off Market
315 Vehr Drive
Colorado Springs, CO 80916
10 Beds
4 Baths
3745 Sqft
$685,272
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
This 4-unit value-add apartment building presents a unique
opportunity for investors to acquire an income-generating asset in
a highly desirable market. With the potential for increased rents
through targeted renovations, this property has the potential to
provide significant returns for new ownership. Value-add investors
can significantly enhance the property's income potential through
unit updates, increasing rents to market levels, and capitalizing
on laundry and storage income. The building is situated on an
8,500-square-foot lot, just east of downtown Colorado Springs and
is located within minutes of major highways and public
transportation, providing convenient access to all that the city
has to offer. 315 Vehr features an excellent unit mix comprised of
2-bedroom and 3-bedroom units, with on-site storage and laundry
hookups for coin-operated laundry. The property sits northwest of
the Colorado Springs Airport and offers ample off-street parking
for the tenants.
Unit Size
3,745Ft²
Days on Market
30 days
Land Size
0.20 acres
Price per sqft
$182
Property Type
Multifamily
Property Taxes
$142
HOA Dues
-
Year Built
1978
Last updated: 15 days ago (REcolorado MLS #REC7679737)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 25, 2023 | Sold to Adrian Sandoval, Blanca Est... | $550,000 | |
Sold to Adrian Sandoval, Blanca Est... | |||
Apr 24, 2023 | Listed by Pinnacle Real Estate Advisors | $680,000 | |
Listed by Pinnacle Real Estate Advisors |
Property Highlights
Air Conditioning
Parking Details
Total Number of Parking: 6
Exterior Details
Property Information
Property Type: Residential Income
Property Sub Type: Quadplex
Year Built: 1972
Building Information
Levels: Two
Structure Type: Quadruplex
Building Area Total: 8500
Construction Methods: Brick, EIFS
Roof: Architecural Shingle
Lot Information
Lot Size Acres: 0.2
Lot Size Square Feet: 8500
Financial Details
Tax Year: 2022
Tax Annual Amount: $1,698
Utilities Details
Cooling: Air Conditioning-Room, Central Air
Heating: Electric
Sewer : Public Sewer
Location Details
County or Parish: El Paso
Other Details
Selling Agency Compensation: 3
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
11
Beds
7
Baths
4,508 ft²
$154/ft²
$692,500
Nov 2, 2023
$692,500
Feb 29, 2024
$135/mo
Active
Multifamily
10
Beds
4
Baths
3,707 ft²
$196/ft²
$725,000
Apr 10, 2024
-
$130/mo
Active
Multifamily
6
Beds
4
Baths
2,652 ft²
$289/ft²
$766,660
Nov 14, 2023
-
$102/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/24/2023
|
|
10 Bed
|
4 Bath
|
3745 ft²
|
$680,000
10 Bed
4 Bath
3745 ft²
|
$550,000
-19.12%
05/25/2023
|
Charlie Mitelhaus
Pinnacle Real Estate Advisors
|