Listing Details

Property Description

Rental opportunity in Stratton Meadows! Build your portfolio with four recently updated, nicely maintained homes, all rented to long term tenants and professionally managed. Current rents total $6, 570 monthly and $78, 840 annually, offering a 7.5% gross rental yield at the $1, 051, 200 package price before operating expenses.

1311 Rockwood Ave offers 796 square feet and a detached two car garage. 1312 Harrison Rd features 894 square feet and a detached two car garage. Both 1214 Harrison Rd and 1223 Rockwood Ave offer 796 square feet each. Four separate homes provide multiple rental income streams, and their close proximity makes management convenient. The garages add valuable parking and storage space.

Convenient access to I25, downtown Colorado Springs, and nearby Creekwalk shopping, dining, and creekside paths adds to the appeal. Continued redevelopment along the nearby South Nevada corridor brings fresh energy and investment to the area. With established tenants, professional management, and approximately 0.66 acres combined, this is your opportunity to acquire a maintained rental portfolio with income from day one in an up and coming Colorado Springs neighborhood!