3014 Mallard Dr, Colorado Springs, CO 80910

$622,000
3,360
SqFt

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List Price
$622,000
Status
ACTIVE
MLS#
9048564
Year Built
1969
Living Area
3,360
Region
Out of Area
Subdivision
Park Hill

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

Taxes
$2,146
School District
Colorado Springs 11
Elementary School
Rogers
Middle School
Galileo
High School
Mitchell
Heating
Baseboard
Cooling
Central Air
Zoning
R-5

Listing courtesy of Charles Burkhart.

charles.burkhart@marcusmillichap.com,214-336-6064

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Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.