Great investment opportunity with potential CAP rate of 9.5%+ . Huge room for rent increases. 2 units leases ending in August and September which makes a great opportunity to raise rents. The other two end in January and February 2018. All units have been updated and unit 1811 has been updated with higher end finishes. The entire building has been re-painted, new roof and windows due to hail storm. Newer fences around backyard are new also. Great location, incredible rental history. These units do not sit vacant long! Landscape is very easy to maintain. Reserved parking space and washer and dryer hook-ups in each unit!!! Utilities paid by each tenant. (One meter, split between each unit.)
Off market
Zestimate®
$682,000
1805 Myakka Way, Colorado Springs, CO 80915
--beds
--baths
3,840sqft
MultiFamily
Built in 1980
-- sqft lot
$682,000 Zestimate®
$178/sqft
$1,683 Estimated rent
Owner options
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Estimated market value
$682,000