NOT LISTED FOR SALE
10 Beds
4 Baths
3,745 Sq Ft
8,500 Sq Ft Lot

Last Sold May 24, 2023

Last sale price $550,000 $147 Per Sq Ft

11 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Heating Available
  • Central Air
  • South Facing Home

About This Home

As of May 2023

This 4-unit value-add apartment building presents a unique opportunity for investors to acquire an income-generating asset in a highly desirable market. With the potential for increased rents through targeted renovations, this property has the potential to provide significant returns for new ownership. Value-add investors can significantly enhance the property’s income potential through unit updates, increasing rents to market levels, and capitalizing on laundry and storage income. The building is situated on an 8,500-square-foot lot, just east of downtown Colorado Springs and is located within minutes of major highways and public transportation, providing convenient access to all that the city has to offer. 315 Vehr features an excellent unit mix comprised of 2-bedroom and 3-bedroom units, with on-site storage and laundry hookups for coin-operated laundry. The property sits northwest of the Colorado Springs Airport and offers ample off-street parking for the tenants.

Last Agent to Sell the Property

Charlie Mitelhaus

CBRE, Inc. Brokerage Email: cmitelhaus@pinnaclerea.com,303-881-4291 License #100091193 Listed on: 04/24/2023

Last Buyer's Agent

Obdulia Arellano

LPT Realty License #100043099

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,698

Year Built

  • Built in 1972

Lot Details

  • 8,500 Sq Ft Lot
  • South Facing Home

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stucco Exterior Insulation and Finish Systems
  • Architectural Shingle Roof

Interior Spaces

  • 3,745 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Schools

  • Roosevelt-Edison Charter Elementary School
  • Swigert Middle School
  • Mitchell High School

Utilities

  • Central Air
  • Mini Split Air Conditioners
  • Heating Available

Listing and Financial Details

  • Exclusions: Tenant's personal property.
  • Tenant pays for cable TV, electricity, gas, internet
  • The owner pays for grounds care, insurance, taxes, trash collection, water
  • Assessor Parcel Number 64144-14-003

Community Details

Overview

  • No Home Owners Association
  • Eastborough Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $17,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,698

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: 3745
  • Exclusions: Tenant's personal property.
  • Living Area: 3745
  • SubdivisionName: Eastborough
  • Ownership: Individual
  • REC_ExpectedActiveDate: 2023-04-24
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.80882
  • Special Features: None

Interior Features

  • Basement: No
  • Total Bedrooms: 10

Exterior Features

  • Direction Faces: South
  • Roof: Architecural Shingle
  • Construction Materials: Brick, EIFS

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 6
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room, Central Air
  • Heating: Electric
  • Laundry Features: Common Area

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

Fee Information

  • Operating Expense: 17005

Schools

  • Middle Or Junior School: Swigert

Lot Info

  • Parcel Number: 64144-14-003
  • Lot Size Acres: 0.2
  • Building Area Total: 8500
  • Lot Size Sq Ft: 8500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Grounds Care, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1698

MLS Schools

  • Elementary School: Roosevelt-Edison Charter School
  • High School: Mitchell

Range of Values:

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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
05/24/2023 05/24/23 Sold $550,000 -19.1% $147 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $680,000 -- $182 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7679737

REcolorado®

APN: 64144-14-003