10
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$622,000
Est. payment /mo
3,360 SqFt
New
3014 Mallard DR Colorado Springs, CO 80910
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $185
Subdivision Park Hill
MLS Listing ID 9048564
HOA Y/N No
Year Built 1969
Property Sub-Type Quadruplex
Property Description
3014 Mallard Drive is a four-unit multifamily property in Colorado Springs offered at $622,000, or $155,500 per unit. The property offers immediate upside through below-market rents and a vacant, turn-ready two-bedroom unit, allowing a new owner to capture market rents as leases roll. Recent improvements, including a replaced central boiler and new flooring in three units, reduce near-term capital needs, while professional management and utility reimbursements are already in place. Priced below comparable four-plex sales and eligible for conventional 30-year residential financing, the property provides a compelling opportunity to increase income with limited additional renovation.
Location
State CO
County El Paso
Zoning R-5
Interior
Heating Baseboard
Cooling Central Air
Exterior
Roof Type Membrane
Private Pool No
Building
Story One
Sewer Public Sewer
Schools
School District Elementary: Colorado Springs 11, Middle/Junior: Colorado Springs 11, High: Colorado Springs 11
Others
Senior Community No
Tax ID 64222-08-028
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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