329 S Murray Boulevard, Unit 0
Property Description
Well-Maintained Colorado Springs 4-Plex - Strong Rents with 7%+ Cap Rate, Updated Major Systems & Immediate Income. Excellent opportunity to acquire a well-kept 4-plex with strong existing rents, recent improvements, & one vacant unit offering immediate flexibility for a new owner. . Unlike many multifamily properties that require substantial deferred-maintenance investment after closing, this property has benefited from important capital improvements. A new roof was installed in 2026, and the furnaces & water heaters have been updated within approximately the last four years. Each unit has its own furnace & water heater, providing separation of major mechanical systems and simplifying ongoing ownership & maintenance. Each residence also includes a stackable washer/dryer, an attractive convenience for tenants. Tenants pay all utilities, helping the owner maintain more predictable operating expenses and preserve net operating income. With three units already producing income, an investor can acquire an operating asset rather than starting from scratch. The vacant fourth unit creates additional upside and flexibility, allowing the new owner to place a tenant, evaluate current market rent, make strategic improvements, or potentially occupy the unit depending on the buyer's investment strategy and financing. Conveniently located along the Murray Boulevard corridor with access to employment, shopping, transportation and major Colorado Springs thoroughfares, the property offers the combination investors look for: existing cash flow, strong rental income, tenant-paid utilities, updated major components, multiple income streams and limited immediate capital needs. All four units are currently rented with a solid history of stable tenants; next lease expires in February 2027 with one tenant potentially departing sooner. This is an appealing opportunity for experienced multifamily investors and potentially owner-occupied investors/owners.
Broker Details
Prestige Realty Group LLC (719) 640-7669
MLS ID: 017381
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $700,000 |
| Year Built: | 1974 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-PPARCO-8748635
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