Listing Courtesy of: Nic Polaski - Cushman & Wakefield
303-292-3700
$795,000
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1115 Old Dutch Mill Rd Colorado Springs, CO 80907
Cluster
Residence
10
Beds
4
Baths
3,526
Sq. Ft.
Property Activity
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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
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MLS#
5920810
Property Type
Cluster
Status
Bedrooms
10
Bathrooms
Year Built
1969
Square Feet
3,526
sq. ft
Stories
2.0
Sewer
Public Sewer
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