Homes for sale - 2625 E Uintah ST, Colorado Springs, CO 80909

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Erika Molnar

erikacmolnar@gmail.com +1(303) 931-0238

$ 687,500

Est. payment | -/mo

8 Beds

4 Baths

3,470 SqFt

Save

$ 687,500

Est. payment | -/mo

Save

8 Beds

4 Baths

3,470 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,470 sqft

Price per Sqft $198

Subdivision Divine Redeemer

MLS Listing ID 6136563

Style A-Frame

Bedrooms 8

Condo Fees $750

HOA Fees $750/mo

HOA Y/N Yes

Abv Grd Liv Area 3,470

Year Built 1985

Annual Tax Amount $2,259

Tax Year 2024

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Quadruplex

Source recolorado

Property Description

Cushman & Wakefield is excited to present an exceptional investment opportunity at 2625–2627 East Uintah, strategically located in the heart of Colorado Springs. This property features two well-maintained 4-plex buildings, offering a total of 8 spacious units, each with an average size of 850 square feet. With its prime location and unique condo-style layout, this property provides not only a steady cash flow but also future potential for significant returns. Each of the large 2-bedroom units are thoughtfully designed with modern amenities, including in-unit washers and dryers. This adds both convenience and value, enhancing tenant satisfaction and retention. The property has been meticulously cared for, with clean, well-kept common areas and a professionally managed HOA that ensures long-term quality. Recent capital improvements, such as the installation of PEX water lines, further enhance the property's durability, minimizing future maintenance costs and securing its long-term value.What truly sets this investment apart is its future potential for condo conversion. The condo-style design of the units positions the property for the possibility of selling individual units, a strategy that could significantly maximize future returns. With Colorado Springs' growing popularity and demand for both rental units and condos, this opportunity offers substantial upside potential. This property is a unique opportunity for investors looking to secure immediate rental income while positioning themselves for long-term appreciation through potential condo sales. Its combination of high-quality construction, prime location, and significant future upside makes this a must-see for investors seeking strong returns in the vibrant Colorado Springs market. OWNER IS WILLING TO SELL ONE INDIVIDUALLY OR BOTH 2625 & 2627 UINTAH TOGETHER.

Location

State CO

County El Paso

Interior

Heating Forced Air

Cooling None

Fireplace N

Exterior

Roof Type Shingle

Total Parking Spaces 12

Garage No

Building

Sewer Public Sewer

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Queen Palmer

Middle Schools Galileo

High Schools Palmer

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, Other

Listing Terms 1031 Exchange, Cash, Conventional, Other

Special Listing Condition None

Listed by Cushman & Wakefield

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(303) 931-0238

erikacmolnar@gmail.com

2625 E Uintah ST Colorado Springs, CO 80909