$450,000
$590,000
23.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,020 SqFt
SOLD DATE : 05/28/2024
Key Details
Sold Price $450,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 3,020 sqft
Subdivision Colorado Springs
MLS Listing ID 1955789
Sold Date 05/28/24
Style Ranch
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 3,020
Originating Board REcolorado
Year Built 1951
Annual Tax Amount $1,509
Property Sub-Type Income Property
Property Description
Cushman and Wakefield is pleased to present this (4) unit multifamily investment opportunity located in the desirable Old Colorado City neighborhood. The West side location provides quick and easy access to Downtown Colorado Springs, Old Colorado City, Garden of the Gods and Manitou Springs. This opportunity presents a significant value-add play, both operationally and through unit renovations. The property consists of (4) single level 2 bed/1 bath units, with in-unit washer/dryer and is individually metered for gas/electric. The three occupied units are currently leased to long term tenants on month-to-month leases, allowing potential investors the opportunity to immediately increase rents or renovate units. The vacant unit is currently gutted down to the studs, giving potential buyers the ability to renovate the unit day one. With front and rear entrances, off street parking and immediate access to public transportation, this property is attractive to a wide range of tenants. For additional information and showing details please contact listing agent directly, as showings will not be available through the showtime app.
Location
State CO
County El Paso
Area Out Of Area
Zoning R4
Exterior
Garage Spaces 4.0
Roof Type Fiberglass
Building
Story 1
Sewer City Sewer, Public Sewer
Level or Stories One
Structure Type Stucco
New Construction false
Schools
Elementary Schools Bristol
Middle Schools Holmes
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States