4,553 SqFt
4,553 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,553 sqft
Price per Sqft $171
Subdivision Harmony Hills
MLS Listing ID 8718070
HOA Y/N No
Abv Grd Liv Area 4,553
Year Built 1965
Annual Tax Amount $2,617
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
The asset consists of four 2 bed / 1.5 bath units, each approximately 1,138 square feet, providing a highly functional layout that appeals to long-term tenants and competes favorably against smaller, stacked apartment product.
Interior renovations have been completed throughout the ownership period, though finish levels vary by unit. Unit 6727 Dale Rd underwent a full renovation in 2025 and represents the highest quality interior, while the remaining units offer additional upside through continued upgrades and rent growth.
Ownership has completed several key capital improvements, including a roof replacement in 2019, full balcony replacements since 2023, and updated electrical panels. These upgrades reduce near-term capital expenditure needs and allow a buyer to focus on executing an interior value-add strategy.
In addition to interior upside, the property presents an opportunity to implement a utility bill-back system (RUBS), allowing a future owner to recapture a portion of operating expenses and further enhance net operating income.
With its townhome-style configuration, larger unit sizes, multiple avenues for NOI growth, and clear path to increased rents, 6727 Dale Rd presents an attractive opportunity for investors seeking both durability and upside.
*****CONTACT ANDREW STEPHENS, THE LISTING AGENT, FOR ANY ADDITIONAL INFORMATION at (720) 496-8868 or astephens@moduscommercial.com*****
Location
State CO
County El Paso
Zoning RM-30 CAD-
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Exterior Feature Balcony, Private Yard
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Wood Siding
Schools
Elementary Schools Mcauliffe
Middle Schools Galileo
High Schools Mitchell
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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Owner & Licensed Realtor | FA.100076714