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Listed price in listed location currency (USD).
$715,000
$745,000

846

MLS® 2434066

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 2880 sqft
Garage No
Taxes $1,352
Lot Size 
Approx. Age 1969
Avg. Price Per Sqft $258
MLS® Number 2434066

Property Address: 4340 Ericson Drive, Colorado Springs, CO, 80906

Average square foot calculated using Size range provided by listing agent.

Description

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 owners. Value-add investors can significantly enhance the property’s income potential through unit updates and increasing rents to market levels. The building is situated on a 7, 040-square-foot lot, south 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. 4340 Ericson Dr features an excellent unit mix comprised of four 2-bedroom 1-bathroom units, with laundry hookups. The property is situated in Statmoor Hills and features stunning mountain views and ample off-street parking for the tenants.
MLS® Number2434066
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1969
BasementCrawl Space
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

Jun 12, 2023End Date
$715,000Sold Price

Sold

Jun 12, 2023List Date
$745,000List Price

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