8 Beds
4 Baths
3,024 SqFt
8 Beds
4 Baths
3,024 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $214
Subdivision Divine Redeemer
MLS Listing ID 3318794
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,024
Year Built 1971
Annual Tax Amount $2,625
Tax Year 2025
Property Sub-Type Quadruplex
Source recolorado
Property Description
Both buildings are well positioned to recapture the rejuvenated rent growth driven by the new supply wave coming to an end, also benefiting from the area's expanding employment base and sustained housing demand. The unit mix of all 2 bed 1 bath units and renovations under current ownership, create a clear path for incremental value through strategic rent adjustments and operational efficiencies, making this an attractive blend of stability and upside.
Whether you are expanding an existing portfolio or seeking a high-performing first multifamily investment acquisition, this property offers the fundamentals investors look for: location, income, and appreciation potential.
Location
State CO
County El Paso
Interior
Heating Hot Water
Cooling None
Fireplace N
Exterior
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Audubon
Middle Schools Mann
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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