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3114 N Hancock Avenue

Colorado Springs, CO 80907
  • $920,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 6090471
Price Reduced
$920,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Reid Realty, Inc: (719) 510-4632.

Description

Come take a look at this unique investment property. Rents are higher than most other listings of comparable properties on the market, garnering a more likely substantive cap rate. To add to the profitability of the building, tenants pay all utility charges and trash charges! Units have been remodeled and have updated kitchens and bathrooms. All units have double bedroom closets and lots of storage. Unlike most apartments on the market, this building has homogenous layouts that create a more appealing apartment to tenants. The layouts are very functional and large for the typical 1-bedroom apartment: no functional obsolescence here! The building includes a fenced-in courtyard, providing tenants with privacy from exterior noise and exposure. The xeriscaped courtyard means no high water bills, mowing or frequent maintenance for the owner/landlord. This property boasts storage areas, both for the owner/landlord and tenants. Each tenant has their own storage unit and the owner has two large storage rooms for convenience of storing maintenance items. Conveniently located to shopping, restaurants, schools, bus lines, I-25, and hospitals, tenants enjoy ease of access to all these locations. Buyer to verify all aspects of the physical and financial natures of the property, including but not limited to square footage of units and entire building. Square footage is approximate and should not be construed as exact.

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Pikes Peak Multiple Listing Service logo Simental Homes | The Cutting Edge, Realtors- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-06-24T23:40:53.273.
www.tarynsimental.com/homes/150754221
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3114 N Hancock Avenue Colorado Springs, CO 80907

  • Price: $920,000
  • Status: Active
  • On Site: 34 Days
  • ID#: 6090471
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1964
Built
Neighborhood:
Papeton
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property Description
Come take a look at this unique investment property. Rents are higher than most other listings of comparable properties on the market, garnering a more likely substantive cap rate. To add to the profitability of the building, tenants pay all utility charges and trash charges! Units have been remodeled and have updated kitchens and bathrooms. All units have double bedroom closets and lots of storage. Unlike most apartments on the market, this building has homogenous layouts that create a more appealing apartment to tenants. The layouts are very functional and large for the typical 1-bedroom apartment: no functional obsolescence here! The building includes a fenced-in courtyard, providing tenants with privacy from exterior noise and exposure. The xeriscaped courtyard means no high water bills, mowing or frequent maintenance for the owner/landlord. This property boasts storage areas, both for the owner/landlord and tenants. Each tenant has their own storage unit and the owner has two large storage rooms for convenience of storing maintenance items. Conveniently located to shopping, restaurants, schools, bus lines, I-25, and hospitals, tenants enjoy ease of access to all these locations. Buyer to verify all aspects of the physical and financial natures of the property, including but not limited to square footage of units and entire building. Square footage is approximate and should not be construed as exact.
Exterior Features

Fence All Lot Size 9600.0000 Lot Size Units SqFt Parking Spaces Number Of 7 Structure Concrete BlockFramed on Lot

Interior Features

Appliances Kitchen Vent FanOvenRangeRefrigerator Cooling Ceiling Fan(s) Fireplace Description None Heating BaseboardHot WaterNatural Gas Laundry Facilities Common Unit Total Baths 6 Unit Total Beds 6

Property Features

Earnest Money 9500 Income Property Sub Type Aptmts(6+Units) Notices Broker OwnedLead Base Paint Discl Req Tax Amount 2620.20 Tax Year 2023 Terms CashConventionalFHAVA Unit Count 5 Utilities Cable AvailableElectricity ConnectedNatural Gas Connected Water Municipal



Pikes Peak Multiple Listing Service logo Simental Homes | The Cutting Edge, Realtors- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-06-24T23:40:53.273.
 
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Simental Homes | The Cutting Edge, Realtors
5881 N Academy Blvd
Colorado Springs CO, 80918
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Reid Realty, Inc: (719) 510-4632.