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Megastar Realty
3014 Mallard Dr, Colorado Springs, CO 80910
- $622,000
- 3,360
- SqFt
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064
- List Price
- $622,000
- Type
- Multifamily
- Status
- ACTIVE
- MLS Number
- 9048564
- Finished Sqft
- 3,360
- Subdivision
- Park Hill
- Year Built
- 1969
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.
Additional Information
- School District
- Colorado Springs 11
- Elementary School
- Rogers
- Middle School
- Galileo
- High School
- Mitchell
- Taxes
- $2,146
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