3114 North Hancock Avenue

3114 North Hancock Avenue

Colorado Springs, CO 80907

$920,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
View of building exterior
View of yard
Doorway to outside with light tile flooring and baseboard heating
Foyer featuring a baseboard heating unit and carpet flooring
Unfurnished room with a baseboard heating unit and dark carpet
Kitchen featuring a baseboard heating unit, cream cabinetry, and light carpet
Hall with light colored carpet
Full bathroom featuring tile floors, tiled shower / bath, toilet, and vanity
Bathroom featuring plenty of natural light, tiled shower / bath, and toilet
Bathroom with tile floors and vanity
Unfurnished bedroom with dark colored carpet

Description

Come take a look at this unique investment property. Rents are higher than most other listings of comparable properties on the market, garnering a more likely substantive cap rate. To add to the profitability of the building, tenants pay all utility charges and trash charges! Units have been remodeled and have updated kitchens and bathrooms. All units have double bedroom closets and lots of storage. Unlike most apartments on the market, this building has homogenous layouts that create a more appealing...Come take a look at this unique investment property. Rents are higher than most other listings of comparable properties on the market, garnering a more likely substantive cap rate. To add to the profitability of the building, tenants pay all utility charges and trash charges! Units have been remodeled and have updated kitchens and bathrooms. All units have double bedroom closets and lots of storage. Unlike most apartments on the market, this building has homogenous layouts that create a more appealing apartment to tenants. The layouts are very functional and large for the typical 1-bedroom apartment: no functional obsolescence here! The building includes a fenced-in courtyard, providing tenants with privacy from exterior noise and exposure. The xeriscaped courtyard means no high water bills, mowing or frequent maintenance for the owner/landlord. This property boasts storage areas, both for the owner/landlord and tenants. Each tenant has their own storage unit and the owner has two large storage rooms for convenience of storing maintenance items. Conveniently located to shopping, restaurants, schools, bus lines, I-25, and hospitals, tenants enjoy ease of access to all these locations. Buyer to verify all aspects of the physical and financial natures of the property, including but not limited to square footage of units and entire building. Square footage is approximate and should not be construed as exact.
  1. Listed by Mary Reid • Reid Realty, Inc

Property Details for 3114 North Hancock Avenue

Parking Spaces Number Of
7
Structure
Concrete Block, Framed on Lot

Location

Listing Courtesy of Reid Realty, Inc, Mary Reid
Add your commute
LISTING UPDATED: 06/14/2024 10:10 AM

Property Details for 3114 North Hancock Avenue

StatusActive
MLS #6090471
Days on Compass26
Taxes$2,620 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Aptmts(6+Units)
Year Built1964
Lot Size0.22 AC / 9,600 SF
CountyEl Paso County

Location

Listing Courtesy of Reid Realty, Inc, Mary Reid
Add your commute

Building Information for 3114 North Hancock Avenue

Stories-Residences-Year Built1964Building Size-Lot Size0.22 AC / 9,600 SF

Payment Calculator

$5,239 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,021

Property Taxes

$218

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3114 North Hancock Avenue

Summary
Location and General Information
  • School District: Colorado Springs 11
Taxes and HOA Information
  • Tax Year: 2023
Property
Utilities
  • Heating: Baseboard, Hot Water, Natural Gas
  • Cooling: Ceiling Fan(s)
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Water: Municipal
Interior and Exterior Features
Exterior Features
  • Alley: None
  • Fence: All
Interior Features
  • Appliances: Kitchen Vent Fan, Oven, Range, Refrigerator
  • Fire Place Desc: None
  • Laundry Facilites: Common
Multi Family
Unit 1
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $995.00
  • Sq Ft: 600.0
Unit 2
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $995.00
  • Sq Ft: 600.0
Unit 3
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $995.00
  • Sq Ft: 600.0
Unit 4
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $995.00
  • Sq Ft: 600.0
Unit 5
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $995.00
  • Sq Ft: 600.0

Property History for 3114 North Hancock Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3114 North Hancock Avenue

Taxable ValueLand$7,010Additions$44,030Total$51,040
Tax Record2023$2,633 ($219 / month)
Home Facts
Total Finished SqFt3,784 SqFtAbove Grade Finished SqFt3,784 SqFtUnfinished Basement SqFt550 SqFtStories2Lot Size9,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964ZoningR5CountyEL PASOAPN6332222005

Schools near 3114 North Hancock Avenue

This home is within Colorado Springs 11 School District.
Rating
School
Type
Grades
Distance
Edison Elementary School
Public - PK to 5
Mann Middle School
Public - 6 to 8
Coronado High School
Public - 9 to 12
Odyssey Early College and Career Options
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicPK to 5

Mann Middle School
Public6 to 8

Coronado High School
Public9 to 12

Odyssey Early College and Career Options
Public9 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.

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More information about 3114 North Hancock Avenue, Colorado Springs, CO 80907

3114 North Hancock Avenue is a multi-family home for sale in Colorado Springs, CO 80907. This property was listed for sale on May 21, 2024 by Reid Realty, Inc, it's currently listed at $920,000. It has been on the market for a total of 26 days and was last sold on February 19, 2019. This listing's school district is Colorado Springs 11 School District. Nearby schools include Edison Elementary School, Mann Middle School and Coronado High School. 3114 North Hancock Avenue is a 0-bed, 0-bath, multi-family home built in 1964.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reid Realty, Inc, Mary Reid

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.