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903 Boggs Pl 903 Boggs Pl

4 Unit Block of Flats £594,662 (£148,666/Unit) 8.07% Net Initial Yield Colorado Springs, CO 80910

Executive Summary

903 Boggs Pl, Colorado Springs is a 4-unit apartment building, including two large two bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this
property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with
several capital expenditure upgrades over the last 6 months with new windows, a refreshed painted exterior, four new force air furnaces and a perimeter fence. This property also come equipped with a wireless security camera system. Each unit offer additional storage units
for personalized comfort. With its prime location 903 Boggs Pl presents a turnkey investment opportunity with immediate cashflow. Four of the units are fully leased through 2024.
For investors looking for more scale this ownership group is also offering 2115 Preuss Rd, 2123 Pruess Rd, 2135 Pruess Rd, 3445 Cochran Dr and 1518 & 1512 S Corona Ave, Colorado Springs.

Attachments

903 Boggs OM

Property Facts

Price £594,662
Price Per Unit £148,666
Sale Type Investment
Net Initial Yield 8.07%
Gross Rent Multiplier 9.34
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 3,573 SF
Number of Floors 2
Year Built/Renovated 1969/2024
Parking Ratio 2.24/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 2 - -
3+1 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64212-26-010
Land Assessment
£2,457
Improvements Assessment
£15,414
Total Assessment
£17,871

zoning

Zoning Code R5 (Residential)
R5 (Residential)
  • Listing ID: 32410066

  • Date on Market: 10/07/2024

  • Last Updated:

  • Address: 903 Boggs Pl, Colorado Springs, CO 80910

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