2245-2251 Split Rock Dr 4 Unit Apartment Building $875,000 ($218,750/Unit) 7.16% Cap Rate Colorado Springs, CO 80919

Well-maintained four-unit multifamily property located in the highly desirable northwest Colorado Springs submarket. Built in 1983, this asset features four spacious units, each offering 2 bedrooms and 2 bathrooms with functional layouts that appeal to a broad tenant base.
Each unit includes a fireplace, private outdoor space (balcony or fenced yard), washer and dryer hookups, and dedicated storage, providing a strong combination of comfort and practicality. The property has seen recent capital improvements, including updates to major systems and exterior components, helping to minimize near-term maintenance requirements.
Situated in the Mountain Shadows/Oak Valley Ranch area, the property benefits from close proximity to Ute Valley Park, Garden of the Gods, and numerous retail and dining amenities. The location offers strong tenant demand driven by its access to outdoor recreation, scenic views, and convenient connectivity to major employment corridors.
This asset presents an excellent opportunity for investors seeking stable cash flow in a high-demand rental market, with additional upside through continued rent growth and interior upgrades.