SOLD
$550,000
Date 05/24/2023

315 Vehr Drive
Colorado Springs, CO 80916

Fourplex
Residence
10
Beds
3,745
Sqft
0.2
Lot Size
Courtesy: Pinnacle Real Estate Advisors, [email protected],303-881-4291
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 ownership. Value-add investors can significantly enhance the property s income potential through unit updates, increasing rents to market levels, and capitalizing on laundry and storage income. The building is situated on an 8,500-square-foot lot, just east 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. 315 Vehr features an excellent unit mix comprised of 2-bedroom and 3-bedroom units, with on-site storage and laundry hookups for coin-operated laundry. The property sits northwest of the Colorado Springs Airport and offers ample off-street parking for the tenants.
7679737
Fourplex, Other
10
El Paso
1972
0.2 Acres
Brick
Public Sewer
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Courtesy: Pinnacle Real Estate Advisors, [email protected],303-881-4291

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