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… Read More 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. Read Less
Above Grade Finished Area: 3470, Architectural Style: "A-Frame", Construction Materials: "Brick", Levels: "Two", Living Area: 3470, Occupant Type: Tenant, Structure Type: "Quadruplex", Total Area: 3470, Unit Count: 1, Unit Types: "Array", Built in 1985
Cooling
Cooling: "None"
Disclosures
Exclusions: Tenant Exclusions
Exterior Features
Patio And Porch Features: "Front Porch"
Heating
Heating: "Forced Air"
Home Owner's Association
Home Owners Association, Association Name: Home Owners Association, Association Fee: $750, Association Fee Total Annual: $9,000, Association Fee Annual: 9000.00, Association Fee Frequency: Monthly, Association Management Type: Professionally Managed, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Livable Structure Count: 0, Out Building Count: 0, Property Sub Type: Quadruplex
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 2259, Legal Description: CONDOMINIUM UNITS A-D BLDG 1 FAIRHAVEN CONDOMINIUMS IN ACCORDANCE WITH THE CONDOMINIUM DECLARATION RECORDED APRIL 23, 1985 IN BK 3998 AT PG 1414 AND THE CONDOMINIUM PLAT RECORDED APRIL 23, 1985 IN PLAT BK 4 AT PG 46 OF THE EL PASO COUNTY RECORDS, Tax Year: 2024
Utilities
Power Production Count: 0
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