Hathaway Subdivision No. 1 Homes with Finished Basement

Welcome to Hathaway Subdivision No. 1, a charming neighborhood nestled in the heart of Colorado Springs, Colorado. This delightful community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

Hathaway Subdivision No. 1 is characterized by its tree-lined streets, well-maintained parks, and friendly neighbors who create a welcoming atmosphere. Residents enjoy easy access to a variety of local amenities, including shopping centers, restaurants, and recreational facilities, all just a short drive away. For nature enthusiasts, the nearby foothills of the Rocky Mountains provide ample opportunities for hiking, biking, and exploring the stunning Colorado landscape.

One of the standout features of homes in Hathaway Subdivision No. 1 is the presence of finished basements. These versatile spaces offer endless possibilities, whether you envision a cozy family room, a home office, or a play area for the kids. With additional square footage, finished basements provide the perfect solution for those seeking extra space without the need to move.

The neighborhood is also served by highly-rated schools, making it an excellent choice for families looking to provide their children with a quality education. With a strong sense of community and a variety of housing options, Hathaway Subdivision No. 1 stands out as a desirable location in Colorado Springs.

Discover the charm and convenience of Hathaway Subdivision No. 1, where your dream home awaits!

Newest Hathaway Subdivision No. 1 Homes with Finished Basement

$670,000

2783225 MLS

MODUS Real Estate is pleased to present the opportunity to acquire 935 Hathaway Dr, a well maintained fourplex in the Cimarron Hills neighborhood of East Colorado Springs, within the Powers submarket and minutes from Peterson Space Force Base, Schriever Space Force Base, and the Colorado Springs Airport. The property consists of four 2 bed / 1 bath units, each approximately 750 square feet, across a 3,000 SF building on a 7,841 SF lot — an efficient, easily managed unit mix with proven long-term tenant demand. Distinct from a heavy value-add play, 935 Hathaway offers stabilized, in-place cash flow. All four units are currently leased and occupied, averaging $1,378.75 per month ($1.84/SF) and producing $66,180 in gross annual rent. In-place NOI of $42,807 represents a 6.39% going-in cap rate at the $670,000 asking price. Year 1 underwriting projects NOI rising to $44,967 (a 6.71% cap), driven by a utility bill-back program that recaptures a portion of the master-metered water and sewer expense — an operational improvement achievable without capital renovation. Built in 1984, the asset positions as an attractive core-plus opportunity for private investors and 1031 exchange buyers seeking durable workforce-housing yield.

935 Hathaway Drive, Colorado Springs

Courtesy of MODUS Real Estate . astephens@moduscommercial.com,720-496-8868

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