1115 Old Dutch Mill Rd
Colorado Springs, CO 80907
3526 sqft | 10 beds | #5920810
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 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
Interior Details
- Bedrooms10
Property Details
- Square Feet3526
Parking
- Parking Spaces6
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1969
Utilities / Energy Details
- Sewer InformationCity Sewer, Public Sewer
Community and Neighborhood Details
- SubdivisionHolland Park
Location
- High SchoolCoronado
- Elementary SchoolJackson
- CountyEl Paso
- Middle SchoolHolmes
Other
- MLS #5920810
Location
Legal
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Information deemed reliable but not guaranteed by the MLS. The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Last Updated: . Source: IRES
Listing Courtesy
Listing Agent: Nic Polaski (#155063371)
Listing Office: Cushman & Wakefield (#00537)
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