NOT LISTED FOR SALE
8 Beds
4 Baths
2,880 Sq Ft
6,970 Sq Ft Lot

Last Sold June 12, 2023

Last sale price $715,000 $248 Per Sq Ft

Highlights

  • 1-Story Property
  • Wood Siding
  • Heating Available

About This Home

As of June 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 owners. Value-add investors can significantly enhance the property’s income potential through unit updates and increasing rents to market levels. The building is situated on a 7,040-square-foot lot, south 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. 4340 Ericson Dr features an excellent unit mix comprised of four 2-bedroom 1-bathroom units, with laundry
hookups. The property is situated in Statmoor Hills and features stunning mountain views and ample off-street parking for the tenants.

Last Agent to Sell the Property

Charlie Mitelhaus

CBRE, Inc. License #100091193 Listed on: 06/12/2023

Last Buyer's Agent

David Roberts

Compass - Denver License #100047612

Compass - Denver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1969

Lot Details

  • 6,970

Home Design

  • Quadruplex
  • Fixer Upper
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property
  • Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Off-Street Spaces

Schools

  • Stratmoor Hills Elementary School
  • Fox Meadow Middle School
  • Harrison High School

Utilities

  • Heating Available

Community Details

  • Stratmoor Hills Subdivision

Listing and Financial Details

  • Exclusions: Tenant's personal property
  • Assessor Parcel Number 65054-10-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,352

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: One
  • Above Grade Price per Sq Ft: 248.26
  • Finished Price per Sq Ft: 248.26
  • Total Price per Sq Ft: 248.26
  • Year Built: 1969
  • Above Grade Finished Sq Ft: 2880.00
  • Exclusions: Tenant's personal property
  • Living Area: 2880.00
  • Offstreet Spaces: 6
  • Submitted Prospect: Yes
  • Property Condition: Fixer
  • SubdivisionName: Stratmoor Hills
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Total Bedrooms: 8

Exterior Features

  • Roof: Architectural Shingles
  • Construction Materials: Brick, Wood Siding

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Electric

Schools

  • School District: Harrison 2
  • Elementary School: Stratmoor Hills
  • Middle School: Fox Meadow
  • High School: Harrison
  • Middle Or Junior School: Fox Meadow

Lot Info

  • Parcel Number: 65054-10-019
  • Building Area Total: 2880.00

Multi Family

  • Unit Count: 1

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1352.00

MLS Schools

  • Elementary School: Stratmoor Hills
  • High School: Harrison

Range of Values:

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Average Value
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Sold Price
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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
06/12/2023 06/12/23 Sold $715,000 -4.0% $248 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $745,000 +14.6% $259 / Sq Ft
10/20/2022 10/20/22 Sold -- -- --
09/27/2022 09/27/22 Off Market $650,000 -- --
06/21/2022 06/21/22 For Sale $650,000 -- $226 / 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: 2434066

REcolorado®

APN: 65054-10-019