3445 Cochran Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80916
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $214
Subdivision Cochran
MLS Listing ID 8084218
Bedrooms 8
HOA Y/N No
Originating Board recolorado
Year Built 1984
Annual Tax Amount $1,574
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Description
3445 Cochran Dr, Colorado Springs is a 4-unit apartment building, including four two-bedroom, one-bathroom residences. Built in 1985 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades over the last year with new windows, a refreshed painted exterior, and perimeter fence. This property also come equipped with a wireless security camera system. Each unit boasts individual AC units, in unit washer and dryer hook ups and storage unit for personalized comfort. With its prime location 3445 Cochran St presents a turnkey investment opportunity with immediate cashflow. This property is perfect for first time home buyers and house hackers alike. Three of the units are fully leased through 2024. This allows the opportunity for investors to live in the available turnkey unit and enjoy the strong cashflow. This property offers a 7.51% cap rate!
For investors looking for more scale this ownership group is also offering 903 Boggs, 2115 Preuss, 2123 Pruess, 2135 Pruess and 1518 &1512 S Corona Ave, Colorado Springs.
Location
State CO
County El Paso
Rooms
Basement Daylight,Finished
Interior
Heating Forced Air
Cooling None
Flooring Vinyl
Fireplaces Number 1
Fireplaces Type Family Room
Fireplace Y
Appliance Dishwasher,Gas Water Heater,Microwave,Oven,Refrigerator
Laundry In Unit
Exterior
Garage Asphalt
Utilities Available Internet Access (Wired)
Roof Type Architecural Shingle
Parking Type Asphalt
Total Parking Spaces 8
Garage No
Building
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Stucco
Schools
Elementary Schools Turman
Middle Schools Carmel
High Schools Sierra High
School District Harrison 2
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition None