33 UNIVERSITY DR COLORADO SPRINGS CO 80910
4-unit Multifamily Asset Located in Southeast CS
Marketing description
33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow
paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom,
1-bath layouts.
The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment
corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
Investment highlights
Recently Renovated / Improved Asset (2021):
Interior upgrades—including vinyl flooring, LED light fixtures, white shaker
cabinets, granite countertops and tile tub surrounds—enhance tenant appeal
and support rent growth while minimizing near-term capital expenditures
Favorable Unit Mix (2 Bed / 1 Bath Layouts):
Functional floorplans cater to roommates, small families, and workforce tenants—
one of the most in-demand renter segments in the area.
Off-Street Parking & Low Density Configuration:
Fourplex single-level design offers lower density living (no units above/below),
which is attractive to tenants seeking privacy and ease of access.
Attainable Workforce Housing Demand:
Rents at the property (~$1250–$1,375/month for renovated 2-bedroom units)
supporting strong occupancy and consistent leasing velocity.
Strong Rent Growth Demand:
Based on broader submarket trends and renovation improvements, there is
potential to push rents toward market levels through continued upgrades and
operational efficiencies.
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