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$ 650,000
Est. payment | /mo
8,300 Sqft Lot
$ 650,000
Est. payment | /mo
8,300 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4024364
Construction Status Existing
HOA Y/N No
Year Built 1973
Annual Tax Amount $2,413
Tax Year 2025
Lot Size 8,300 Sqft
Property Sub-Type Fourplex
Property Description
Four Updated Units • 6% Cap Rate • Fourplex Investment • Spacious 2 Bed/1 Bath Units • Private Exterior Entrances • Near Garden of the Gods • Near Old Colorado City
Turnkey four plex investment opportunity in the desirable west side Colorado Springs market. Fully occupied, this stabilized asset offers immediate cash flow with a reported 6% cap rate. Each of the four spacious homes feature 2 bedrooms and 1 full bath, private exterior entrances, and private patio space. Updated interiors include remodeled kitchens, updated flooring, fresh paint, and modern finishes, creating strong resident appeal. The property offers approximately 2,912 square feet and benefits from consistent rental demand driven by its proximity to Garden of the Gods, Old Colorado City, Manitou Springs, Red Rock Canyon Open Space, shopping, dining, and major commuter routes. Opportunity to acquire a well-maintained, income-producing multifamily property with updated units, private entrances, and proven occupancy in a high-demand rental corridor. Live in one unit and rent out the others, or buy as a turnkey investment. Rare opportunity.
Nearby Amenities
Garden of the Gods
Old Colorado City Historic District
Manitou Springs
Red Rock Canyon Open Space
US-24 and I-25 access
Shopping, dining, breweries, and services along West Colorado Avenue
Turnkey four plex investment opportunity in the desirable west side Colorado Springs market. Fully occupied, this stabilized asset offers immediate cash flow with a reported 6% cap rate. Each of the four spacious homes feature 2 bedrooms and 1 full bath, private exterior entrances, and private patio space. Updated interiors include remodeled kitchens, updated flooring, fresh paint, and modern finishes, creating strong resident appeal. The property offers approximately 2,912 square feet and benefits from consistent rental demand driven by its proximity to Garden of the Gods, Old Colorado City, Manitou Springs, Red Rock Canyon Open Space, shopping, dining, and major commuter routes. Opportunity to acquire a well-maintained, income-producing multifamily property with updated units, private entrances, and proven occupancy in a high-demand rental corridor. Live in one unit and rent out the others, or buy as a turnkey investment. Rare opportunity.
Nearby Amenities
Garden of the Gods
Old Colorado City Historic District
Manitou Springs
Red Rock Canyon Open Space
US-24 and I-25 access
Shopping, dining, breweries, and services along West Colorado Avenue
Location
State CO
County El Paso
Area Friendship Place
Interior
Cooling Other
Laundry Coin
Exterior
Garage Spaces 8.0
Utilities Available Electricity Connected, Natural Gas Connected
Building
Water Assoc/Distr
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition See Show/Agent Remarks
Listed by Atlas Real Estate Group LLC
Kimberly & Josiah Whitten
Agent | License ID: FA.100106271
+1(719) 433-0945 | kimberly@exploringcos.com