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Listing provided courtesy of Cushman & Wakefield - MLS#REC1821552MLS Provider
Contact Information: Nic.Polaski@cushwake.com,719-238-9074

3810 Scott LaneColorado Springs, CO 80907

Multi-Family · 8 Beds · 3,741 Sq. ft.

$766,660 Active

Overview

Time on Site:
114 days
Visits:
7

Cushman & Wakefield is pleased to present 3810 Scott Lane a quadraplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the thriving northside submarket of Colorado Springs, CO. The property offers all 2-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods, University Village and UCCS. 3810 Scott Lane is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property is 100% occupied.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,741
  • Price/Sq.ft. $204

General

Association/HOA
  • Association: false
School Information
  • School District: Colorado Springs 11
  • Elementary School: Bristol
  • Middle Or Junior School: Holmes
  • High School: Doherty
Listing Information
  • Dual Variable Compensation: false
Building Information
  • Year Built: 1971
Location/Region
  • Country: US
  • County Or Parish: El Paso
  • Subdivision Name: Colorado Springs
Tax Information
  • Tax Annual Amount: 1536
  • Tax Year: 2022
General Information
  • Exclusions: None
  • Ownership: Individual
  • Parcel Number: 63293-13-030
  • Property Sub Type: Quadplex
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: None
  • Zoning: R5

Interior

Parking Information
  • Garage Spaces: 0
Beds/Baths
  • Bathrooms Total: 4
  • Bedrooms Total: 8
Building Interior
  • Above Grade Finished Area: 3741
  • Building Area Source: Public Records
  • Building Area Total: 3741
General Information
  • Basement: false
  • Cooling: None
  • Heating: Forced Air
  • Levels: Two
  • Living Area: 3741

Exterior

Parking Information
  • Parking Total: 4
Building Exterior/Construction
  • Attached Garage: false
  • Construction Materials: Brick,Stucco,Vinyl Siding
  • Roof: Architecural Shingle
  • Structure Type: Quadruplex
General Information
  • Carport Spaces: 0
  • Sewer: Public Sewer

Unit Information

Unit Details
  • Unit Type: 2 Bedroom
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 4

Neighborhood

Community

80907 (Colorado Springs) Demographics
38
Median Age
2,945
Population Density (per sq. mile)
45%
College Educated
$52,430
Estimated Median Income
6,708
Estimated Total Home Owners
5,808
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
3
Public
Academy for Advanced and Creative Learning
  • Grades: KG - 8
  • Enrollment: 293
2
Public
Edison Elementary School
  • Grades: PK - 5
  • Enrollment: 323
1
Public
Jackson Elementary School
  • Grades: PK - 5
  • Enrollment: 370
4
Public
Steele Elementary School
  • Grades: KG - 5
  • Enrollment: 282
4
Public
Stratton Elementary School
  • Grades: PK - 5
  • Enrollment: 329
1
Public
Taylor Elementary School
  • Grades: PK - 5
  • Enrollment: 229
Middle Schools
3
Public
Academy for Advanced and Creative Learning
  • Grades: KG - 8 /
  • Enrollment: 293
1
Public
Mann Middle School
  • Grades: 6 - 8 /
  • Enrollment: 434
High Schools
3
Public
Colorado Springs Early Colleges
  • Grades: 9 - 12 /
  • Enrollment: 579
3
Public
Launch High School
  • Grades: 9 - 12 /
  • Enrollment: 77
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$434,337
Median Sales Price
$294
Median Price per Square Foot
0
Properties Sold
14
New on Market
52
Average Days on Market
34
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
11/14/2023Source: REColorado MLS Price Increase
$766,660 16.2%
11/14/2023Source: Information Real Estate Services Price Increase
$766,660 16.2%