127 University Drive

Colorado Springs, CO 80910

$635,000
Price
Beds
3,381 Sq. Ft.
$188 / Sq. Ft.
3,381
Sq. Ft.
$188
per Sq. Ft.

Description

127 University Dr. is a Four Plex located in a quiet residential neighborhood consisting of four 2 bedroom 1 bathroom units. Owners in the surrounding area typically report low vacancy rates. A new owner will have the ability to increase rents to market rate. The properties have been well maintained and the units are in good condition relative to the surrounding market. The roof has been recently replaced.127 University Dr. is a Four Plex located in a quiet residential neighborhood consisting of four 2 bedroom 1 bathroom units. Owners in the surrounding area typically report low vacancy rates. A new owner will have the ability to increase rents to market rate. The properties have been well maintained and the units are in good condition relative to the surrounding market. The roof has been recently replaced.
  1. Listed by Zachary Hansen • NorthPeak Commercial Advisors, LLC • zach@northpeakcre.com,303-880-7442

Property Details for 127 University Drive

Structure Type
Quadruplex
Levels
Two
Stories
2
Subdivision Name
Colorado Springs
Association
No
Basement
No
LISTING UPDATED: 10/01/2024 06:03 PM

Property Details for 127 University Drive

StatusActive
MLS #2215654
Days on Compass73
Taxes$1,904 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size-
CountyEl Paso County

Building Information for 127 University Drive

Stories-Residences-Year Built1969Building Size-Lot Size-

Property Information for 127 University Drive

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 3381
  • Sqft Total: 3381
  • Living Area (SqFt Finished): 3381
  • Above Grade Finished Area: 3381
  • Living SqFt: 3381
  • Area Source: Public Records
  • PSF Total: 188
  • PSF Above Grade: 188
  • PSF Finished: 188
  • Master on Main: No
  • Heating: Baseboard
  • Cooling: Other
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 2
Unit Information
Unit 1
  • Unit Type: 2 Bedroom
  • Units Total: 4
  • Unit Average Rent: $1,281.00
  • Unit Average Sq Ft: 675
  • Beds Total: 2
  • Baths Total: 1
  • Description: 2Bd/1Ba
Parking
Parking
  • Attached Garage: No
  • Parking Type: Off-Street
  • Parking Description: Off-Street-5
  • Parking Details: 5
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 5
  • Parking Count: 5
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
  • Senior Community: No
Site & Location Information
School Information
  • Elementary School: Centennial
  • Elementary School District: Harrison 2
  • Middle Or Junior School: Atlas Preparatory School
  • Middle Or Junior School District: Harrison 2
  • High School: Sierra High
  • High School District: Harrison 2
Site & Location Information
  • Zoning: R5 AO
  • Property Exclusions: TBD
Building Information
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Other
  • Roof: Unknown
  • Livable Structure Count: 0
  • Unit Count: 1
Water & Utilities
Water & Utilities
  • Water Source: City Sewer, Public Sewer
  • Sewer: Public Sewer

Property History for 127 University Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 127 University Drive

Taxable ValueLand$4,760Additions$33,690Total$38,450
Tax Record2023$1,933 ($161 / month)
Home Facts
Total Finished SqFt3,381 SqFtAbove Grade Finished SqFt3,381 SqFtStories2Lot Size8,450 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969ZoningR5 AOCountyEL PASOAPN6415401019

Schools near 127 University Drive

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
Monroe Elementary School
PublicPK to 5

Jack Swigert Aerospace Academy
Public6 to 8

Mitchell 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.

Similar Homes

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127 University Drive is a multi-family home for sale in Colorado Springs, CO 80910. This property was listed for sale on August 2, 2024 by NorthPeak Commercial Advisors, LLC, it's currently listed at $635,000. It has been on the market for a total of 73 days and was last sold on January 27, 2021. This listing's school district is Colorado Springs 11 School District. Nearby schools include Monroe Elementary School, Jack Swigert Aerospace Academy and Mitchell High School. 127 University Drive is a 0-bed, 0-bath, 3,381 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NorthPeak Commercial Advisors, LLC, Zachary Hansen

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.