127 University Dr Colorado Springs, CO 80910

This exceptional investment opportunity presents a four-unit apartment building located at 127 University Drive, Colorado Springs, CO 80910. The property boasts a total of 3,381 square feet situated on an 8,450 square foot lot. Each of the four units features two bedrooms and one bathroom. The building is classified as Class C and is currently generating a Net Operating Income (NOI) of $44,328, representing a 6.98% capitalization rate. Pro-forma NOI is projected at $45,142, yielding a 7.11% capitalization rate. The asking price is $635,000, translating to $187.81 per square foot and $158,750 per unit. The property is situated in a quiet residential neighborhood known for low vacancy rates, offering a new owner the potential to increase rental income to market rates. The building has been well-maintained, and the units are in good condition relative to comparable properties in the area. A significant recent improvement includes a newly replaced roof. This property offers a compelling combination of strong cash flow, potential for appreciation, and a desirable location. The property's financial performance and location make it an attractive investment for both seasoned and new investors seeking a stable and profitable multifamily asset in the Colorado Springs market.