NOT LISTED FOR SALE
10 Beds
4 Baths
1,838 Sq Ft
10,000 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $657,000 $357 Per Sq Ft

11 Days on Market

Highlights

  • City View
  • Tile Flooring
  • Ceiling Fan
  • No HOA
  • Landscaped
  • Baseboard Heating

About This Home

As of May 2024

Don't miss this one with beautiful Pikes Peak views! This is a chance to own a 4-plex that performs better than most in this price range. With two 3-bedroom units in the unit mix, gross rents are higher than most other 4-plexes on the market and are a value-add for the savvy investor, making a more attractive cap rate more likely! Units have been upgraded to include newer carpet, newer paint, and updated kitchens and baths. Vinyl windows add to the comfort of tenants. Xeriscaping means low water bills and landscape care. Conveniently located to shopping, restaurants, and hospitals along the Powers corridor, residents enjoy ease of living in an area that is conducive to access.

Last Agent to Sell the Property

Paeleigh Reid

Reid Realty, Inc. Brokerage Email: paereid@comcast.net,(719) 510-4632 License #100025605 Listed on: 05/16/2024

Last Buyer's Agent

Charlie Peace

Solid Rock Realty License #100066773

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,761

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 10,000 Sq Ft Lot
  • South Facing Home
  • Landscaped

Property Views

  • City
  • Mountain

Home Design

  • Quadruplex
  • Bi-Level Home
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Finished Basement
  • Interior Basement Entry

Kitchen

  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Schools

  • Mcauliffe Elementary School
  • Swigert Middle School
  • Mitchell High School

Utilities

  • Mini Split Air Conditioners
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: All Tenants' personal items.
  • Tenant pays for electricity
  • The owner pays for gas, grounds care, insurance, taxes, trash collection, water
  • Assessor Parcel Number 5407102019

Community Details

Overview

  • No Home Owners Association
  • Cimarron Hills Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,761

Year Built

Built in 1972 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Split Entry (Bi-Level)
  • Year Built: 1972
  • Above Grade Finished Sq Ft: 1838
  • Exclusions: All Tenants' personal items.
  • Living Area: 1838
  • Property Condition: Updated/Remodeled
  • Directions: From the intersection of Galley Rd. and Hathaway Dr., take Hathaway Dr. northbound to Chippewa Rd. Property is on the northwest corner of Chippewa Rd. and Hathaway Dr.
  • SubdivisionName: Cimarron Hills
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 1838.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.97333
  • Attribution Contact: paereid@comcast.net,(719) 510-4632
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Flooring: Carpet, Tile
  • Basement: Finished, Interior Entry
  • Basement: Yes
  • Total Bedrooms: 10

Exterior Features

  • Direction Faces: South
  • Foundation Details: Concrete Perimeter
  • Roof: Composition, Unknown
  • Construction Materials: Frame, Wood Siding
  • View: City, Mountain(s)

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Total Parking Spaces: 6
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room, Other
  • Heating: Baseboard, Hot Water, Natural Gas
  • Water Source: Public
  • Electric: 110V
  • Laundry Features: Common Area

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: Swigert

Lot Info

  • Parcel Number: 5407102019
  • Lot Size Acres: 0.23
  • Fencing: None
  • Building Area Total: 3676
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 10000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Gas, Grounds Care, Insurance, Other, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2761

MLS Schools

  • Elementary School: McAuliffe
  • High School: Mitchell

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
05/31/2024 05/31/24 Sold $657,000 -2.7% $357 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $675,000 -- $367 / 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: 9400756

REcolorado®

APN: 54071-02-019