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Pamela Gonacha, Associate Broker
SOLD
$715,000
Date 06/12/2023

4340 Ericson Dr
Colorado Springs, CO 80906

Ranch
Residence
8
Beds
4
Baths
2,880
Sqft
Courtesy: Charlie Mitelhaus - Pinnacle Real Estate Advisors; Phone: 303-962-9555
This 4-unit value-add apartment building presents a unique opportunity for investors to acquire an income-generating asset in a highly desirable market. With the potential for increased rents through targeted renovations, this property has the potential to provide significant returns for new owners. Value-add investors can significantly enhance the propertys income potential through unit updates and increasing rents to market levels. The building is situated on a 7,040-square-foot lot, south of downtown Colorado Springs and is located within minutes of major highways and public transportation, providing convenient access to all that the city has to offer. 4340 Ericson Dr features an excellent unit mix comprised of four 2-bedroom 1-bathroom units, with laundryhookups. The property is situated in Statmoor Hills and features stunning mountain views and ample off-street parking for the tenants.
2434066
Ranch, Ranch, 1 Story
8
El Paso
4
1969
1
Brick,Brick Veneer,Wood
City Sewer, Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

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Transit Score

Courtesy: Charlie Mitelhaus - Pinnacle Real Estate Advisors; Phone: 303-962-9555
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