3,000 SqFt
3,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $223
Subdivision Hathaway Subdivision No. 1
MLS Listing ID 2783225
HOA Y/N No
Abv Grd Liv Area 3,000
Year Built 1983
Annual Tax Amount $2,934
Tax Year 2025
Property Sub-Type Quadruplex
Source recolorado
Property Description
Distinct from a heavy value-add play, 935 Hathaway offers stabilized, in-place cash flow. All four units are currently leased and occupied, averaging $1,378.75 per month ($1.84/SF) and producing $66,180 in gross annual rent. In-place NOI of $42,807 represents a 6.39% going-in cap rate at the $670,000 asking price.
Year 1 underwriting projects NOI rising to $44,967 (a 6.71% cap), driven by a utility bill-back
program that recaptures a portion of the master-metered water and sewer expense — an
operational improvement achievable without capital renovation. Built in 1984, the asset
positions as an attractive core-plus opportunity for private investors and 1031 exchange buyers
seeking durable workforce-housing yield.
Location
State CO
County El Paso
Zoning RM-30 CAD-
Rooms
Basement Finished
Interior
Heating Baseboard
Cooling None
Fireplace N
Exterior
Roof Type Composition
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Brick,Wood Siding
Schools
Elementary Schools Mcauliffe
Middle Schools Jenkins
High Schools Mitchell
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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