$657,000
$675,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
4 Baths
1,838 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $657,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,838 sqft
Price per Sqft $357
Subdivision Cimarron Hills
MLS Listing ID 9400756
Sold Date 05/31/24
Bedrooms 10
HOA Y/N No
Originating Board recolorado
Year Built 1972
Annual Tax Amount $2,761
Tax Year 2023
Lot Size 10,018 Sqft
Acres 0.23
Property Description
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.
Location
State CO
County El Paso
Zoning RM-30 CAD-0
Rooms
Basement Finished, Interior Entry
Interior
Interior Features Ceiling Fan(s), Laminate Counters
Heating Baseboard, Hot Water, Natural Gas
Cooling Air Conditioning-Room, Other
Flooring Carpet, Tile
Fireplace Y
Appliance Dishwasher, Disposal, Gas Water Heater
Laundry Common Area
Exterior
Garage Asphalt
Fence None
Utilities Available Electricity Connected, Natural Gas Connected
View City, Mountain(s)
Roof Type Composition,Unknown
Parking Type Asphalt
Total Parking Spaces 6
Garage No
Building
Lot Description Landscaped
Story Split Entry (Bi-Level)
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories Split Entry (Bi-Level)
Structure Type Frame,Wood Siding
Schools
Elementary Schools Mcauliffe
Middle Schools Swigert
High Schools Mitchell
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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