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MODUS Real Estate

[email protected] +1(303) 229-6582

$ 497,631

Est. payment | -/mo

8 Beds

4 Baths

3,402 SqFt

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$ 497,631

Est. payment | -/mo

Save

8 Beds

4 Baths

3,402 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,402 sqft

Price per Sqft $146

Subdivision Eastborough

MLS Listing ID 1702132

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,402

Year Built 1972

Annual Tax Amount $1,735

Tax Year 2024

Lot Size 8,880 Sqft

Acres 0.2

Property Sub-Type Quadruplex

Source recolorado

Property Description

Turnkey investment opportunity in Colorado Springs! This fully rented fourplex offers immediate cash flow with strong in-place income and consistent rental demand. Each unit features a functional layout with spacious living areas, ample natural light, and practical finishes that appeal to long-term tenants. The property includes a mix of comfortable living rooms, dedicated dining spaces, and efficient kitchens with plenty of cabinet storage. Tenants enjoy generous room sizes, large windows, and a cozy atmosphere throughout, while the low-maintenance interiors and durable materials make this a landlord-friendly asset. Off-street parking and a large lot provide additional convenience and flexibility for residents. Located in an established Colorado Springs neighborhood with easy access to major corridors, shopping, dining, and employment centers, this property is well-positioned for continued rental stability. The strong occupancy history and current rent roll make it an ideal addition to any investor's portfolio, whether you're looking to expand or secure a dependable income-producing asset. With all four units leased, this is a true plug-and-play opportunity—start generating returns from day one. Potential upside remains through future rent increases and light value-add improvements. Don't miss this chance to acquire a solid multi-family property in one of Colorado Springs' most active rental markets.

Location

State CO

County El Paso

Zoning R-5 AO

Rooms

Basement Partial

Interior

Heating Baseboard, Electric

Cooling None

Flooring Carpet, Vinyl

Fireplaces Number 2

Fireplace Y

Appliance Dishwasher, Disposal, Oven, Range, Range Hood, Refrigerator

Laundry Common Area

Exterior

Parking Features Asphalt, Unpaved

Fence Partial

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

Roof Type Membrane

Total Parking Spaces 8

Garage No

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco,Wood Siding

Schools

Elementary Schools Keller

Middle Schools Sabin

High Schools Mitchell

School District Colorado Springs 11

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, VA Loan

Special Listing Condition None

Listed by Better Homes & Gardens Real Estate - Kenney & Co.

NEARBY LOCATIONS

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MODUS Real Estate

Operations

+1(303) 229-6582

345 Gahart DR Colorado Springs, CO 80916

MODUS Real Estate

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY LOCATIONS

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345 Gahart DR