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935 Hathaway Dr 4 Unit Apartment Building $667,000 ($166,750/Unit) 8.50% Cap Rate Colorado Springs, CO 80915
Executive Summary
It's a low-maintenance & profitable investment opportunity. Four 2-bed/1-bath units with quiet, reliable, & long term tenants. Currently $5445/month.
Each unit offers an open floor plan, a front deck, back balcony, large kitchen, fireplace, washer/dryer, water heater, dishwasher & radiant heating. Beautiful views of Pikes Peak. A new roof was installed in 2021.
Overall, this is a solid, hands-on investment that an owner can easily self-manage. Strong income, good tenants make this a dependable long term investment.
Annual Expenses:
Property Taxes: $2,385
Insurance: $509
Water: $3,948 (electric is separately metered & paid by tenants; no gas)
Trash: $310
Repairs & Maintenance: $2,055
Each unit offers an open floor plan, a front deck, back balcony, large kitchen, fireplace, washer/dryer, water heater, dishwasher & radiant heating. Beautiful views of Pikes Peak. A new roof was installed in 2021.
Overall, this is a solid, hands-on investment that an owner can easily self-manage. Strong income, good tenants make this a dependable long term investment.
Annual Expenses:
Property Taxes: $2,385
Insurance: $509
Water: $3,948 (electric is separately metered & paid by tenants; no gas)
Trash: $310
Repairs & Maintenance: $2,055
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$23.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,000
|
$23.64
|
| Taxes |
$2,385
|
$0.85
|
| Operating Expenses |
$2,055
|
$0.74
|
| Total Expenses |
$4,440
|
$1.59
|
| Net Operating Income |
$61,560
|
$22.05
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $23.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $23.64 |
| Taxes | |
|---|---|
| Annual | $2,385 |
| Annual Per SF | $0.85 |
| Operating Expenses | |
|---|---|
| Annual | $2,055 |
| Annual Per SF | $0.74 |
| Total Expenses | |
|---|---|
| Annual | $4,440 |
| Annual Per SF | $1.59 |
| Net Operating Income | |
|---|---|
| Annual | $61,560 |
| Annual Per SF | $22.05 |
Property Facts
| Price | $667,000 | Building Class | C |
| Price Per Unit | $166,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1984/2000 |
| Property Type | Multifamily | Parking Ratio | 2.67/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM-30 CAD- - residential | ||
| Price | $667,000 |
| Price Per Unit | $166,750 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2000 |
| Parking Ratio | 2.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-30 CAD- - residential |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 750 |
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Property Taxes
| Parcel Number | 54074-07-029 | Total Assessment | $47,780 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $2,385 ($0.80/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
54074-07-029
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$47,780 (2025)
Annual Taxes
$2,385 ($0.80/SF)
Tax Year
2024
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Presented by
Ksouth Automotive Inc
935 Hathaway Dr
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