1115 Old Dutch Mill Rd, Colorado Springs, Colorado 80907
Residential IncomeProperty Type
3,526 SqftSquare Footage
1969Year Built
Property Description
Cushman & Wakefield is pleased to present 1115 Old Dutch Mill Rd, a 4-unit multifamily property in an investor friendly, West side neighborhood in Colorado Springs. The property consists of two 2 bed/1 bath units and two 3 bed/1 bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and all are individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, a NEW ROOF in September 2024 and newly renovated unit. The property has been well cared for by the long-term owner. Potential buyers have the operational value add of getting all units up to market rent and continuing property improvements.
This West side location provides residents access to major tech employers along west Garden of the Gods Rd as well as short drives to Garden of the Gods and downtown Colorado Springs. Its prime location, near outdoor recreation, dining & retail centers, provides a strong foundation for attracting and retaining quality long-term tenants. 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. The attractiveness of this asset is magnified by the solid in place returns, flexible debt options and limited number of performing properties available in this market.
Investment Highlights:
-One unit currently vacant
-Recent interior unit renovations
-Tenants pay all utilities
-Great unit mix with room for rent growth as leases turn
Basic Details
Residential Income
For Sale
5920810
$780,000
10
4
0
3,526 Sqft
1969
0 Acre
Active
Quadplex
Features
: Baseboard
: Other
: Membrane
: Common Area
Address Map
US
CO
El Paso
Colorado Springs
80907
Old Dutch Mill Rd
1115
0
W105° 9' 25''
N38° 53' 42.3''
Neighborhood
Jackson
Coronado
Holmes
Additional Information
$0
6.2
$0
$0
: Stucco
Colorado Springs 11
$0
Colorado Springs 11
Yes
$0
303-292-3700
$0
REcolorado
73252-09-027
6
18/08/2024 16:21:17
18
Public Sewer
Quadruplex
$3,000
2023
$0
$0
1115 Old Dutch Mill Rd Road, Colorado Springs, Col
The data relating to real estate for sale on this website comes in part from the REColorado.
All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Sessions Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are the best approximations only and exact locations should be independently verified.