4331 Ericson Dr Colorado Springs, CO 80906
This exceptional investment opportunity presents a meticulously maintained, four-unit apartment building located at 4331 Ericson Dr, Colorado Springs, CO 80906. The property, built in 197[Year missing from data], underwent a complete renovation in 2020, ensuring modern amenities and maximizing its appeal to tenants. The building encompasses 2,955 square feet and sits on a generous 7,150 square foot lot. All four units are currently occupied, providing immediate and consistent cash flow for the investor. The property offers convenient off-street parking with four spaces available for residents. Its strategic location provides easy access to key areas, including a five-minute drive to Fort Carson Gate 3 and Pikes Peak State College, enhancing its desirability and rental potential. This single-story building represents a turnkey investment opportunity with strong potential for long-term growth and return. The property's recent renovation minimizes future maintenance needs, allowing for a more predictable and profitable investment. The high occupancy rate further underscores the property's strong market position and the consistent demand for rental units in this desirable Colorado Springs location. The asking price for this exceptional multifamily property is $675,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.