2625 E. Uintah St, Colorado Springs, CO. A 1985-built, fully occupied fourplex in the heart of Central Colorado Springs, just minutes from the U.S. Olympic & Paralympic Training Center. This well-maintained property features (4) spacious two-bedroom, one-bath units, averaging ~850 square feet, providing stable in-place cash flow with significant long-term… Read More upside. A standout feature of this asset is its condominium-style layout & designation, creating the opportunity for future individual unit sales, offering investors an alternative attractive value-add exit strategy. Each large two-bedroom unit includes spacious bedrooms with plenty of closet space, full tile tub surrounds and in-building washers and dryers, enhancing tenant convenience and retention. Tenants are responsible for Gas and Electric directly via their own meters and the water bill is paid by HOA then recollected from Tenants in arrears. Lease rate & expiration dates for 2625 Uintah as follows: A $1200 (11/30/2026), B $1250 (6/30/2027), C $1250 (7/31/2026), D $1200 (5/31/2026). The property has been meticulously maintained, featuring clean common areas, a professionally managed HOA, and recent capital improvements, including PEX water lines, helping reduce future maintenance costs. Hassle free maintenance with HOA covering all landscaping, irrigation, snow removal, parking lot maintenance, and trash removal etc. Situated in desirable Central Colorado Springs, the property is surrounded by retail, restaurants, and everyday conveniences, with easy access to major transportation corridors that support strong and consistent rental demand. As Colorado Springs continues to experience strong population growth and housing demand, this investment provides immediate income with the potential for significant long-term appreciation. Seller prefers to sell 2625 and 2627 E. Uintah St (also listed at $599,000). together, creating an opportunity to acquire a larger, contiguous multifamily investment. Read Less
Built in 1985, Above Grade Finished Area: 3470, Common Walls: 2+ Common Walls, Construction Materials: Frame, Levels: Two, Living Area: 3470, Occupant Type: Tenant, Structure Type: Quadruplex, Total Area: 3470, Unit Count: 1, Unit Types: Array
Cooling
Cooling: None
Disclosures
Exclusions: Tenant(s) personal property
Heating
Heating: Forced Air
Home Owner's Association
Home Owners Association, Association Name: Fairhaven, Association Fee: $750, Association Fee Total Annual: $9,000, Association Fee Annual: 9000.00, Association Fee Frequency: Monthly, Association Management Type: Professionally Managed, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Livable Structure Count: 0, Out Building Count: 0, Property Sub Type: Quadruplex
Roof
Roof: Composition
Sewer
Sewer: Public Sewer
Taxes
Annual Amount: 2380, Legal Description: CONDOMINIUM UNITS A-D BLDG 1 FAIRHAVEN CONDOMINIUMS IN ACCORDANCE WITH THE CONDOMINIUM DECLARATION RECORDED APRIL 23, 1985 IN BK 3998 AT PG 1414 AND THE CONDOMINIUM PLAT RECORDED APRIL 23, 1985 IN PLAT BK 4 AT PG 46 OF THE EL PASO COUNTY RECORDS, Tax Year: 2025
Utilities
Power Production Count: 0
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