No photo available
4340 Ericson Drive, Colorado Springs, CO 80906
$715,000
4340 Ericson Drive, Colorado Springs, CO 80906View this property at 4340 Ericson Drive, Colorado Springs, CO 80906
4340 Ericson DriveColorado SpringsCO80906
Property Description
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.
Full Property Details
Full Property Details for 4340 Ericson Dr
Sign in to view more details. Local MLS Rules require you to be signed in. Not a member yet? Sign up now.
General
- Sold For: $715,000
- Taxes: $1,352 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 2434066
- Added to Site: 361 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Total Spaces: 6
Location
- County: El Paso
- Subdivision: Stratmoor Hills
School Information
- Elem School District: Harrison 2
- Midd School District: Harrison 2
- High School District: Harrison 2
- Elementary School: Stratmoor Hills
- Middle School: Fox Meadow
- High School: Harrison
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Structure Type: Quadruplex
- Construction: Brick, Wood Siding
- Basement: Yes
- Basement Desc.: Crawl Space
- Roof: Architecural Shingle
- Square Feet: 2,880
- Sq. Ft. Source: Public Records
- Living Area: 2,880 Sq. Ft.
- Year Built: 1969
- Property Condition: Fixer
Lot Features
- Zoning: RM-30
Financial Considerations
- Tax Amount: $1,352
- Tax Year: 2022
- Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Individual
- Special Conditions: None
- Legal Description: LOT 2 BLK 7 STRATMOOR SOUTH SUB
- Exclusions: Tenant's personal property
- Property ID: 65054-10-019
Listed by Pinnacle Real Estate Advisors
Sold by Atlas Real Estate Group
Get Pre-Approved Today
Schools
Schools serving 4340 Ericson Dr
School District:Harrison School District 2, Colorado Springs, CO
Rating | Name | Grades | Distance |
---|---|---|---|
Stratmoor Hills Elementary School
200 Loomis Ave, Colorado Spgs, CO 80906 | PK-5 | 0.3 mi | |
1450 Cheyenne Meadows Rd, Colorado Spgs, CO 80906 | 6-8 | 1.1 mi | |
2755 Janitell Rd, Colorado Spgs, CO 80906 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
4340 Ericson Drive, Colorado Springs, CO 80906 (MLS# 2434066) is a Multi-Family property that was sold at $715,000 on June 12, 2023. Want to learn more about 4340 Ericson Drive? Do you have questions about finding other Multi-Family real estate for sale in Colorado Springs? You can browse all Colorado Springs real estate or contact a Coldwell Banker agent to request more information.