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4319 Lashelle Ave 4 Unit Apartment Building $863,629 CAD ($215,907 CAD/Unit) 7.41% Cap Rate Colorado Springs, CO 80906
INVESTMENT HIGHLIGHTS
- VALUE-ADD OPPORTUNITY- Current rents are below market. Upside available through rent increases and RUBS implementation.
- LOW MAINTENANCE ASSET - Simple mechanical systems and durable finishes; ideal for first-time multifamily buyers or portfolio expansion.
- RECENT CAPITAL IMPROVEMENTS - Fresh exterior paint and new xeriscaping significantly boost curb appeal and minimize landscape maintenance.
- RECENT CAPITAL IMPROVEMENTS - Fresh exterior paint and new xeriscaping significantly boost curb appeal and minimize landscape maintenance.
- TENANT-FRIENDLY AMENITIES - Off-street parking, coin-op laundry, and proximity to public transportation.
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present 4319 Lashelle, a rare opportunity to acquire a fourplex in the heart of Colorado Springs’ rapidly appreciating Southside. Nestled just minutes from Fort Carson, major retail corridors, and national grocery chains, this well-positioned property offers both immediate income and long-term upside. This asset benefits from recent capital improvements, including fresh exterior paint and low-maintenance xeriscaping, enhancing curb appeal while reducing ongoing expenses. Each unit is separately metered for electric, and ownership has maintained solid occupancy with long-term tenants. Investors have a clear path to increase value by raising rents to market levels, implementing RUBS for utility reimbursement, and adding coin operated laundry machines to maximize income streams. Off-street parking adds tenant convenience and increases property desirability.
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PROPERTY FACTS
| Price | $863,629 CAD | Building Class | C |
| Price Per Unit | $215,907 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,928 SF |
| Cap Rate | 7.41% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | RM-30 | ||
| Price | $863,629 CAD |
| Price Per Unit | $215,907 CAD |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,928 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | RM-30 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 732 |
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PROPERTY TAXES
| Parcel Number | 65054-10-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $61,252 CAD |
PROPERTY TAXES
Parcel Number
65054-10-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$61,252 CAD
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4319 Lashelle Ave
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