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Multifamily

3475 Cochran Dr

3475 Cochran Dr, Colorado Springs, CO 80916

Listing Price: $700,000

Cap Rate
5.23%
Number of Units
4
Occupancy
97.0%
Price/Unit
$175,000

Investment Overview

Located less than a half mile away from Deerfield Community Park, 3475 Cochran Dr apartments were originally constructed in 1984 and offers its tenants four 2 bedroom / 1-bathroom units. Residents at 3475 Cochran Dr have easy access to community amenities including nearby K-12 education, parks, fitness centers, and a variety of retail options to suit every day needs. Pikes Peak sits 13 miles West and Garden of the Gods sits 13 miles to the North. These are two very well-known outdoor areas that contain some of the most beautiful views Colorado has to offer. Cheyenne Mountain State Park and Quail Lake Park sit within a seven-mile radius of the property. At these parks, you will find hiking/biking trails, fishing options, as well as volleyball and basketball courts. 3475 Cochran Dr sits a half mile away from S Academy Blvd, which has one of the highest traffic counts out of any road throughout the Springs. S Academy Blvd contains a variety of retail options consisting of bars, shopping, restaurants, and grocery stores. The neighborhood is appealing to Colorado Springs apartment dwellers due to the amount of nearby open space complimented by countless nearby retail options. 3475 Cochran has a secluded feel to it while remaining close to the everyday needs of a consumer. Strong employment fundamentals within the area drive the investment appeal of this asset. Low vacancy levels complemented by rapidly expanding rental demand across Colorado Springs are also major contributing factors to the interest of this property.

Investment Highlights

  • All Units Fully Remodeled Since 2020
  • Exterior Gate Built in 2022
  • Roof Replaced in 2021
  • Exterior Painted in 2021
  • In-Unit Washer/Dryer

Exclusively Listed By

Multifamily

3475 Cochran Dr

Listing Price: $700,000

Cap Rate
5.23%
Number of Units
4
Occupancy
97.0%
Price/Unit
$175,000

Investment Highlights

  • All Units Fully Remodeled Since 2020
  • Exterior Gate Built in 2022
  • Roof Replaced in 2021
  • Exterior Painted in 2021
  • In-Unit Washer/Dryer

Investment Overview

Located less than a half mile away from Deerfield Community Park, 3475 Cochran Dr apartments were originally constructed in 1984 and offers its tenants four 2 bedroom / 1-bathroom units. Residents at 3475 Cochran Dr have easy access to community amenities including nearby K-12 education, parks, fitness centers, and a variety of retail options to suit every day needs. Pikes Peak sits 13 miles West and Garden of the Gods sits 13 miles to the North. These are two very well-known outdoor areas that contain some of the most beautiful views Colorado has to offer. Cheyenne Mountain State Park and Quail Lake Park sit within a seven-mile radius of the property. At these parks, you will find hiking/biking trails, fishing options, as well as volleyball and basketball courts. 3475 Cochran Dr sits a half mile away from S Academy Blvd, which has one of the highest traffic counts out of any road throughout the Springs. S Academy Blvd contains a variety of retail options consisting of bars, shopping, restaurants, and grocery stores. The neighborhood is appealing to Colorado Springs apartment dwellers due to the amount of nearby open space complimented by countless nearby retail options. 3475 Cochran has a secluded feel to it while remaining close to the everyday needs of a consumer. Strong employment fundamentals within the area drive the investment appeal of this asset. Low vacancy levels complemented by rapidly expanding rental demand across Colorado Springs are also major contributing factors to the interest of this property.

Exclusively Listed By

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