3006 & 3014 N Institute ST Colorado Springs, CO 80907
8 Beds
4 Baths
2,304 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $281
Subdivision Venetian Village
MLS Listing ID 2124802
Style Traditional
Bedrooms 8
HOA Y/N No
Year Built 1954
Property Sub-Type Quadruplex
Property Description
The property benefits from its location in Colorado Springs, one of Colorado's largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.
Location
State CO
County El Paso
Zoning R-5
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air
Cooling None
Flooring Carpet, Tile
Appliance Freezer, Oven, Range, Refrigerator
Laundry In Unit
Exterior
Waterfront Description Public
Roof Type Composition
Porch Patio
Private Pool No
Building
Story One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Elementary: Colorado Springs 11, Middle/Junior: Colorado Springs 11, High: Colorado Springs 11
Others
Senior Community No
Tax ID 63322-26-019
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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