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$ 599,000
Est. payment /mo
Active
2627 E Uintah Colorado Springs, CO 80909
3,470 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,470 sqft
Subdivision Colorado Springs
MLS Listing ID IRE6880991
HOA Fees $750/mo
HOA Y/N Yes
Year Built 1985
Annual Tax Amount $2,380
Tax Year 2025
Source ires
Property Description
2627 E. Uintah St, Colorado Springs, CO. A 1985-built, fully occupied fourplex in the heart of Central Colorado Springs, just minutes from the U.S. Olympic & Paralympic Training Center. This well-maintained property features (4) spacious two-bedroom, one-bath units, averaging ~850 square feet, providing stable in-place cash flow with significant long-term upside. A standout feature of this asset is its condominium-style layout & designation, creating the opportunity for future individual unit sales, offering investors an alternative attractive value-add exit strategy.
Each large two-bedroom unit includes spacious bedrooms with plenty of closet space, full tile tub surrounds and in-building washers and dryers, enhancing tenant convenience and retention.
Tenants are responsible for Gas and Electric directly via their own meters and the water bill is paid by HOA then recollected from Tenants in arrears. Lease rate & expiration dates for 2627 Uintah as follows: A $1099(12/31/2027), B $1025(2/28/2027), C $1099(7/31/2027), D $1350(11/1/2027).
The property has been meticulously maintained, featuring clean common areas, a professionally managed HOA, and recent capital improvements, including PEX water lines, helping reduce future maintenance costs. Hassle free maintenance with HOA covering all landscaping, irrigation, snow removal, parking lot maintenance, and trash removal etc.
Situated in desirable Central Colorado Springs, the property is surrounded by retail, restaurants, and everyday conveniences, with easy access to major transportation corridors that support strong and consistent rental demand. As Colorado Springs continues to experience strong population growth and housing demand, this investment provides immediate income with the potential for significant long-term appreciation.
Seller prefers to sell 2627 and 2625 E. Uintah St (also listed at $599,000). together, creating an opportunity to acquire a larger, contiguous multifamily investment.
Each large two-bedroom unit includes spacious bedrooms with plenty of closet space, full tile tub surrounds and in-building washers and dryers, enhancing tenant convenience and retention.
Tenants are responsible for Gas and Electric directly via their own meters and the water bill is paid by HOA then recollected from Tenants in arrears. Lease rate & expiration dates for 2627 Uintah as follows: A $1099(12/31/2027), B $1025(2/28/2027), C $1099(7/31/2027), D $1350(11/1/2027).
The property has been meticulously maintained, featuring clean common areas, a professionally managed HOA, and recent capital improvements, including PEX water lines, helping reduce future maintenance costs. Hassle free maintenance with HOA covering all landscaping, irrigation, snow removal, parking lot maintenance, and trash removal etc.
Situated in desirable Central Colorado Springs, the property is surrounded by retail, restaurants, and everyday conveniences, with easy access to major transportation corridors that support strong and consistent rental demand. As Colorado Springs continues to experience strong population growth and housing demand, this investment provides immediate income with the potential for significant long-term appreciation.
Seller prefers to sell 2627 and 2625 E. Uintah St (also listed at $599,000). together, creating an opportunity to acquire a larger, contiguous multifamily investment.
Location
State CO
County El Paso
Community Colorado Springs
Area Out Of Area
Interior
Heating Forced Air
Exterior
Parking Features Off Street
Garage Spaces 4.0
View Y/N No
Roof Type Composition
Garage Yes
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Frame
New Construction false
Schools
Elementary Schools Queen Palmer
Middle Schools Galileo
High Schools Colorado Springs 11
School District Colorado Springs 11
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Listed by Lee Wagner
NEARBY SCHOOLS & PROPERTIES
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