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William Watson

bill@watsonrg.com +1(720) 463-0002

$690,000

Est. payment - /mo

8 Beds

4 Baths

3,111 SqFt

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Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,111 sqft

Price per Sqft $221

Subdivision Colorado Springs

MLS Listing ID 3703452

Bedrooms 8

HOA Y/N No

Year Built 1969

Property Sub-Type Quadruplex

Property Description

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 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.

Location

State CO

County El Paso

Zoning R5 AO

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Laundry In Unit

Exterior

Roof Type Membrane,Rolled/Hot Mop

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 64154-01-050

Special Listing Condition None Known

Virtual Tour https://www.zillow.com/view-imx/d523a70f-1e28-48c0-8827-32b43e742d11?setAttribution=mls&wl=true&initialViewType=pano

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Listed byCushman & Wakefield

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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33 University DR Colorado Springs, CO 80910