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
Lot & Building Features
HeatingBaseboard
SewerCity Sewer, Public Sewer
Tax Year2023
Community and Schools
Elementary SchoolJackson
Junior High SchoolHolmes
Senior High SchoolCoronado
Unit Features
Unit 1 - DS Bedrooms3
Unit 1 - DS Rent1265
Unit 1 - DS Total Baths1
Unit 2 - DS Bedrooms2
Unit 2 - DS Est Sq Ft750
Unit 2 - DS Rent1050
Unit 2 - DS Total Baths1
Unit 3 - DS Bedrooms2
Unit 3 - DS Est Sq Ft750
Unit 3 - DS Rent1295
Unit 3 - DS Total Baths1
Unit 4 - DS Bedrooms3
Unit 4 - DS Rent1350
Unit 4 - DS Total Baths1
Price History of 1115 Old Dutch Mill Rd, Colorado Springs, CO
Date
Name
Price
Difference
10/24/2024
Price Adjustment
$780,000
1.89%
08/18/2024
Listing Price
$795,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1115 Old Dutch Mill Rd (MLS #5920810) is a residential income listing located in Colorado Springs, CO.
This residential income listing is 3,526 sqft with 10 bedrooms and 4 baths. This property was listed on 08/18/2024 and has been priced for sale at $780,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Cushman & Wakefield