$799,000

Estimated payment $4,416/month

Total Views 427
-- Bed
-- Bath
3,282 Sq Ft
$243 Price per Sq Ft

About This Home

Turnkey 4-Plex Investment Opportunity – 1025 Magnolia St, Colorado SpringsThis well-maintained fourplex features (4) 2-bed, 1-bath units—each offering 821 sq ft, in-unit washer and dryer, and private back storage.Major capital improvements already completed: new boiler and water heater (2016), full roof and gutter replacement (2019), and a new driveway (2019). The required Springs Utilities backflow prevention device was just installed.Tenant turnover is minimal, and units are consistently updated during transitions. Property has been proactively maintained, making this a solid plug-and-play investment for the next owner. Full Financials Available.

Last Listed By

John Galloway

Toprock Real Estate LLC Brokerage Email: john@smplcphr.com,720-515-9721 License #100083960 Listed on: 05/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,097

Year Built

  • Built in 1971

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,282 Sq Ft Home
  • 1-Story Property

Schools

  • Edison Elementary School
  • Mann Middle School
  • Coronado High School

Utilities

  • No Cooling
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Colorado Springs Subdivision

Listing and Financial Details

  • The owner pays for electricity, exterior maintenance, gas, grounds care, insurance, taxes, trash collection, water
  • Assessor Parcel Number 63293-13-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,097

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1971
  • Above Grade Finished Sq Ft: 3282
  • Exclusions: None
  • Living Area: 3282
  • SubdivisionName: Colorado Springs
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Attribution Contact: john@smplcphr.com,720-515-9721
  • Special Features: None

Interior Features

  • Basement: No

Exterior Features

  • Roof: Shingle
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: No
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Radiant

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Mann

Lot Info

  • Parcel Number: 63293-13-034
  • Building Area Total: 3282

Rental Info

  • Owner Pays: Electricity, Exterior Maintenance, Gas, Grounds Care, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Internet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2097

MLS Schools

  • Elementary School: Edison
  • High School: Coronado

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 For Sale $799,000 -- $243 / Sq Ft
Source: REcolorado®

Source: REcolorado®

MLS Number: 2432034

REcolorado®

APN: 63293-13-034