1115 Old Dutch Mill Road
$780,000
10
4
3,526
3,526
$221
Description
Cushman & Wakefield is pleased to present 1115 Old Dutch Mill Rd, a 4-unit multifamily property in an investor friendly, West side neighborhood in Colorado Springs. The property consists of two 2 bed/1 bath units and two 3 bed/1 bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and all are individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, a NEW ROOF in September...Cushman & Wakefield is pleased to present 1115 Old Dutch Mill Rd, a 4-unit multifamily property in an investor friendly, West side neighborhood in Colorado Springs. The property consists of two 2 bed/1 bath units and two 3 bed/1 bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and all are individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, a NEW ROOF in September 2024 and newly renovated unit. The property has been well cared for by the long-term owner. Potential buyers have the operational value add of getting all units up to market rent and continuing property improvements. This West side location provides residents access to major tech employers along west Garden of the Gods Rd as well as short drives to Garden of the Gods and downtown Colorado Springs. Its prime location, near outdoor recreation, dining & retail centers, provides a strong foundation for attracting and retaining quality long-term tenants. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The attractiveness of this asset is magnified by the solid in place returns, flexible debt options and limited number of performing properties available in this market. Investment Highlights:
-One unit currently vacant
-Recent interior unit renovations
-Tenants pay all utilities
-Great unit mix with room for rent growth as leases turn
-One unit currently vacant
-Recent interior unit renovations
-Tenants pay all utilities
-Great unit mix with room for rent growth as leases turn
- Listed by Nic Polaski • Cushman & Wakefield • Nic.Polaski@cushwake.com
Property Details for 1115 Old Dutch Mill Road
Structure Type
Quadruplex
LevelsTwo
Stories2
Subdivision NameHolland Park
AssociationNo
BasementNo
LISTING UPDATED: 10/24/2024 03:16 PM
Property Details for 1115 Old Dutch Mill Road
Status | Active |
---|---|
MLS # | 5920810 |
Days on Compass | 92 |
Taxes | $3,000 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1969 |
Lot Size | - |
County | El Paso County |
Building Information for 1115 Old Dutch Mill Road
Stories-Residences-Year Built1969Building Size-Lot Size-
Property Information for 1115 Old Dutch Mill Road
Property History for 1115 Old Dutch Mill Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1115 Old Dutch Mill Road
Taxable ValueLand$6,790Additions$51,640Total$58,430
Tax Record2023$3,000 ($250 / month)
Home Facts
Total Finished SqFt3,526 SqFtAbove Grade Finished SqFt3,526 SqFtStories2Lot Size10,900 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969ZoningR4CountyEL PASOAPN7325209027
Schools near 1115 Old Dutch Mill Road
This home is within Colorado Springs 11 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Jackson Elementary School PublicPK to 5 | ||
Holmes Middle School Public6 to 8 | ||
Coronado High School Public9 to 12 | ||
CIVA Charter High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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