3114 N HANCOCK AVE
COLORADO SPRINGS, CO 80907

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. Cap rate is an estimate only and should not be construed as exact.

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