3014 Mallard DR, Colorado Springs, CO 80910
3014 Mallard DR, Colorado Springs, CO 80910
3014 Mallard DR, Colorado Springs, CO 80910
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Denise Gerhardt

Denise Gerhardt

+1(720) 212-5231
$622,000
Est. payment /mo
3,360 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $185

Subdivision Park Hill

MLS Listing ID 9048564

HOA Y/N No

Year Built 1969

Property Sub-Type Quadruplex

Property Description

3014 Mallard Drive is a four-unit multifamily property in Colorado Springs offered at $622,000, or $155,500 per unit. The property offers immediate upside through below-market rents and a vacant, turn-ready two-bedroom unit, allowing a new owner to capture market rents as leases roll. Recent improvements, including a replaced central boiler and new flooring in three units, reduce near-term capital needs, while professional management and utility reimbursements are already in place. Priced below comparable four-plex sales and eligible for conventional 30-year residential financing, the property provides a compelling opportunity to increase income with limited additional renovation.

Location

State CO

County El Paso

Zoning R-5

Interior

Heating Baseboard

Cooling Central Air

Exterior

Roof Type Membrane

Private Pool No

Building

Story One

Sewer Public Sewer

Schools

School District Elementary: Colorado Springs 11, Middle/Junior: Colorado Springs 11, High: Colorado Springs 11

Others

Senior Community No

Tax ID 64222-08-028

Special Listing Condition None Known

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REColorado MLS
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.

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Denise Gerhardt

Denise Gerhardt

+1(720) 212-5231

Independent Broker License ID: IR100071810

Independent Broker License ID: IR100071810

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