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33 University Dr
Colorado Springs, CO 80910
Multifamily Property For Sale
·
4 Units
Investment Highlights
- All 2 Bed, 1 Bath units
- All units renovated (2021)
- Washer/Dryer (in-unit or available)
- Dishwasher
- LVP flooring, new shaker cabinets, bathroom vanities, LED lighting, etc.
- Ceiling fans and modern lighting
Executive Summary
33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts.
The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
Property Facts
| Price Per Unit | $172,500 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,111 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2021 |
| Apartment Style | Low-Rise | Parking Ratio | 1.93/1,000 SF |
| Building Class | B | ||
| Zoning | R5 AO | ||
| Price Per Unit | $172,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 3,111 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2021 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | R5 AO |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 64154-01-050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $44,410 |
Property Taxes
Parcel Number
64154-01-050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$44,410
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