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4226 Forrest Hill Rd 8 Unit Apartment Building $1,599,000 ($199,875/Unit) 5.88% Cap Rate Colorado Springs, CO 80907
EXECUTIVE SUMMARY
4226–4228 Forrest Hill Road presents an excellent opportunity to acquire an 8-unit multifamily property in the heart of Colorado Springs. Situated in a stable rental submarket with strong demand for workforce housing, this asset offers investors a blend of consistent cash flow and long-term appreciation potential. The property is well-positioned to capture ongoing population growth, economic expansion, and limited housing supply in the Colorado Springs metro.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$125,388
|
$44.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,388
|
$44.21
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $125,388 |
| Annual Per SF | $44.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,388 |
| Annual Per SF | $44.21 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,599,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.88% | Building Size | 2,836 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| Price | $1,599,000 |
| Price Per Unit | $199,875 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 2,836 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 700 |
1 1
PROPERTY TAXES
| Parcel Number | 73252-08-024 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $47,890 (2025) |
PROPERTY TAXES
Parcel Number
73252-08-024
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$47,890 (2025)
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4226 Forrest Hill Rd
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