$599,000
$40K PRICE DROP

Estimated payment $3,488/month

Total Views 5,911
6 Beds
4 Baths
3,364 Sq Ft
$178 Price per Sq Ft

Highlights

  • City View
  • Wood Flooring
  • Front Porch
  • Traditional Architecture
  • No HOA
  • Eat-In Kitchen

About This Home

Don't miss out on this West-side investment opportunity! This charming 4-plex property is fully occupied and is a great chance for investors and/or homeowner occupants to generate income. With a great mix of two-bedroom and one-bedroom units, this property appeals to a variety of prospective tenants. The 4-plex comes with a two-car garage and two storage sheds, features that are unique for most 4-plex properties. The garages and storage sheds could generate additional income for the savvy investor, once the current leases expire. The property's unit-layout is highly functional for tenant living spaces. It has new paint as of January, 2025 and front landscaping upgrades as of fall, 2024. Conveniently located, the property is within walking distance to shopping for tenants. Old Colorado City is also nearby for enjoyment of leisurely shopping and quaint eateries. The property is within 4 minutes or 1.8 miles from Colorado College. It is also near Pikes Peak C.C., Downtown and Colorado Technical University.

The property will need a new roof, for which the owner has reduced the price to accommodate for the condition of the roof and the needed repairs. There is a history of repairs in 2016, in 2021, and in 2024 to address foundation and drainage concerns. Drainage improvements and two sump pumps have been added previously. Documentation of the repairs in Seller's possession is provided on request.

Square footage is approximate and should not be construed as exact. Buyers should verify square footage and should very property's condition to Buyer's satisfaction.

Listing Agent

Paeleigh Reid

Reid Realty, Inc. Brokerage Email: paereid@comcast.net,719-510-4632 License #100025605 Listed on: 02/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,150

Year Built

  • Built in 1966

Lot Details

  • 10,200 Sq Ft Lot
  • South Facing Home
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Garden

Parking

  • 2 Car Garage
  • Exterior Access Door

Property Views

  • City
  • Mountain

Home Design

  • Quadruplex
  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Range
  • Laminate Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters
  • Front Porch

Schools

  • Buena Vista Elementary School
  • West Middle School
  • Coronado High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available

Listing and Financial Details

  • Exclusions: All Tenants' personal items.
  • Assessor Parcel Number 7412212004

Community Details

Overview

  • No Home Owners Association
  • West Colorado Springs Subdivision

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,150

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Architectural Style: Traditional
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1966
  • Above Grade Finished Sq Ft: 1682
  • Exclusions: All Tenants' personal items.
  • Living Area: 3364
  • Directions: From the intersection of Uintah St. and 17th St., turn south on 17th St. and proceed to the first street on the right: Armstrong Ave. Turn right onto Armstrong Ave. Fourplex is on the north (right) side of the street.
  • SubdivisionName: West Colorado Springs
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Attribution Contact: paereid@comcast.net,719-510-4632
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Interior Amenities: Eat-in Kitchen, Laminate Counters
  • Flooring: Carpet, Wood
  • Basement: Finished, Full, Interior Entry, Sump Pump
  • Basement: Yes
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1682

Exterior Features

  • Direction Faces: South
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials: Frame
  • View: City, Mountain(s)
  • Exterior Features: Garden, Rain Gutters
  • Patio and Porch Features: Front Porch

Garage/Parking

  • Parking Features: Concrete, Exterior Access Door
  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 4
  • REC_ParkingCount: 2
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Laundry Features: None
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

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
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: West

Lot Info

  • Parcel Number: 7412212004
  • Lot Size Acres: 0.23
  • Fencing: Partial
  • Building Area Total: 3364
  • Lot Features: Landscaped, Level
  • Lot Size Sq Ft: 10200

Rental Info

  • Owner Pays: Electricity, Exterior Maintenance, Gas, Grounds Care, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: None

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2150.22

MLS Schools

  • Elementary School: Buena Vista
  • High School: Coronado

Map

Range of Values:

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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
07/09/2025 07/09/25 For Sale $599,000 0.0% $193 / Sq Ft
01/02/2025 01/02/25 Rented $900 0.0% --
12/30/2024 12/30/24 For Rent $900 -- --
Source: REcolorado®

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Source: REcolorado®

MLS Number: 9709212

REcolorado®

APN: 74122-12-004