NOT LISTED FOR SALE
8 Beds
4 Baths
3,020 Sq Ft
0.26 Acres

Last Sold May 28, 2024

Last sale price $450,000 $149 Per Sq Ft

45 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Heating Available

About This Home

As of May 2024

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.

Last Agent to Sell the Property

Nic Polaski

Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 04/03/2024

Last Buyer's Agent

Nic Polaski

Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 04/03/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,509

Year Built

  • Built in 1951

Lot Details

  • Two or More Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Architectural Shingle Roof
  • Stucco

Interior Spaces

  • 3,020 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Bristol Elementary School
  • Holmes Middle School
  • Coronado High School

Utilities

  • No Cooling
  • Heating Available

Community Details

  • No Home Owners Association
  • Colorado Springs Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 74023-12-067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,509

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 3020
  • Exclusions: None
  • Living Area: 3020
  • SubdivisionName: Colorado Springs
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_ExpectedActiveDate: 2024-04-03
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.70313
  • Attribution Contact: Nic.Polaski@cushwake.com,719-238-9074
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Roof: Architecural Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Electric

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: Holmes

Lot Info

  • Parcel Number: 74023-12-067
  • Building Area Total: 3020

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1509

MLS Schools

  • Elementary School: Bristol
  • High School: Coronado

Range of Values:

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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
05/28/2024 05/28/24 Sold $450,000 -23.7% $149 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $590,000 -7.8% $195 / Sq Ft
04/03/2024 04/03/24 For Sale $640,000 -- $212 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 1955789

REcolorado®

APN: 74023-12-067