10 Beds
4 Baths
3,908 SqFt
10 Beds
4 Baths
3,908 SqFt
Open House
Sat Apr 25, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,908 sqft
Price per Sqft $135
Subdivision Tamarack South
MLS Listing ID 8938940
Bedrooms 10
HOA Y/N No
Abv Grd Liv Area 3,908
Year Built 1972
Annual Tax Amount $2,645
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Quadruplex
Source recolorado
Property Description
The property has a proven rental history and has been well maintained, with key improvements including a Class 4 roof, updated mechanicals, and completed mold remediation for added peace of mind.
Currently, the owner covers utilities and WiFi, offering an immediate value-add opportunity for investors to increase cash flow by transitioning to tenant-paid utilities. Additional income potential exists with the installation of coin-operated laundry and further operational optimization.
Situated on an oversized lot with room for additional parking or future expansion, this property also benefits from strong seasonal demand, with higher occupancy and rental income during peak summer months. Located in a desirable area with convenient access to Colorado Springs amenities, this is a rare opportunity to acquire a high-performing asset with multiple revenue strategies.
Pictures will be available on 4/23.
Open house on Saturday 4/25 from 1pm to 3pm.
Location
State CO
County El Paso
Zoning RM-30
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard
Cooling Air Conditioning-Room
Flooring Carpet, Concrete, Vinyl
Fireplace N
Appliance Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Laundry Common Area
Exterior
Exterior Feature Fire Pit, Private Yard
Fence Partial
Utilities Available Electricity Available, Electricity Connected, Natural Gas Not Available
View Mountain(s)
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame,Wood Siding
Schools
Elementary Schools Otero
Middle Schools Fox Meadow
High Schools Harrison
School District Harrison 2
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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