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… Read More 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. Read Less
Built in 1969, Living area: 3111, Levels: One, Construction Materials: Brick, Concrete
Cooling
None
Expenses
Operating: $18,612
Heating
Forced Air
Income
Gross Income: $60,963
Laundry
In Unit
Owner Pays
Gas, Insurance, Taxes, Water
Parking
8 total parking spaces
Roof
Membrane, Rolled/Hot Mop
Sewer
Public Sewer
Taxes
Parcel Number: 64154-01-050, Annual Amount: $1,408, Legal Description: NLY 8.0 FT OF LOT 28, LOT 29 EX NLY 5.0 FT BLK 19 REPLAT OF BLKS 19, 24, 27, 28, 32 PARK HILL SUB 4, Year: 2022, Zoning: R5 AO
Tenant Pays
Electricity
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