NOT LISTED FOR SALE
7 Beds
5 Baths
3,456 Sq Ft
7,841 Sq Ft Lot

Last Sold March 21, 2024

Last sale price $743,500 $215 Per Sq Ft

84 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Baseboard Heating

About This Home

As of March 2024

Cushman & Wakefield is pleased to present 2903 Sage Street, a 5 unit multifamily asset in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 5 units, is located in the westside submarket of Colorado Springs, CO. The property offers one 3-bedroom, 1-bathroom unit and the remaining four are all 1-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods and UCCS. 2903 Sage Street is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property is 100% occupied.

Last Agent to Sell the Property

Nic Polaski

Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 11/15/2023

Last Buyer's Agent

Nic Polaski

Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 11/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,583

Year Built

  • Built in 1972

Lot Details

  • No Units Above

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,456 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Schools

  • Adams Elementary School
  • Jenkins Middle School
  • Coronado High School

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Colorado Springs Subdivision

Listing and Financial Details

  • The owner pays for gas, trash collection, water
  • Assessor Parcel Number 73364-02-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,583

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1972
  • Above Grade Finished Sq Ft: 3456
  • Exclusions: None
  • Living Area: 3456
  • SubdivisionName: Colorado Springs
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_ExpectedActiveDate: 2023-11-15
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.96979
  • Attribution Contact: Nic.Polaski@cushwake.com,719-238-9074
  • Special Features: None

Interior Features

  • Common Walls: No One Above
  • Basement: No
  • Total Bedrooms: 7

Exterior Features

  • Roof: Architecural Shingle
  • Construction Materials: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Jenkins

Lot Info

  • Parcel Number: 73364-02-011
  • Building Area Total: 3456

Rental Info

  • Owner Pays: Gas, Trash Collection, Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1583

MLS Schools

  • Elementary School: Adams
  • High School: Coronado

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $743,500 -3.0% $215 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
11/15/2023 11/15/23 For Sale $766,660 -- $222 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: REcolorado®

MLS Number: 4489583

REcolorado®

APN: 73364-02-011