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$ 625,000
$ 625,000
8 Beds
4 Baths
3,630 SqFt
$ 625,000
$ 625,000
8 Beds
4 Baths
3,630 SqFt
Key Details
Sold Price $625,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,630 sqft
Subdivision Friendship Place
MLS Listing ID IRE3884023
Bedrooms 8
Year Built 1973
Annual Tax Amount $2,087
Tax Year 2024
Lot Size 9,147 Sqft
Property Description
Exceptional four-plex opportunity for both owner-occupants and investors in one of Colorado Springs' most desirable locations. Situated on the Westside near Garden of the Gods, Historic Old Colorado City, and Red Rock Canyon Open Space, this property offers immediate income potential, appreciation, and flexible living options.
Each unit features a light, bright, open floor plan with 2 bedrooms and 1 bathroom. Two units are currently vacant and available for immediate occupancy, creating a rare opportunity to live in one unit while generating income from the others, or quickly lease the vacant units and maximize cash flow.
The vacant units have been recently remodeled and are move-in ready, featuring updated finishes, fresh paint, and updated flooring. The building exterior has also been recently painted, enhancing curb appeal.
Additional income is generated through coin-operated on-site laundry. The property has a strong rental history and future upside through rental optimization and continued improvements.
Conveniently located near US-24 with quick access to Downtown Colorado Springs, Manitou Springs, Woodland Park, and I-25. Surrounded by shopping, dining, outdoor recreation, and some of Colorado Springs' most iconic attractions.
Nearby Amenities:
* Historic Old Colorado City
* Garden of the Gods
* Red Rock Canyon Open Space
* Bancroft Park
* Uintah Gardens Shopping Center
* Quick access to US-24, Downtown Colorado Springs, Manitou Springs, and I-25
Vacant units are available to tour anytime. Call today to schedule a private showing.
Location
State CO
County El Paso
Community Friendship Place
Area Out Of Area
Zoning R-5
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Exterior
Parking Features Off Street
Garage Spaces 16.0
Community Features Community Laundry
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools West
Middle Schools West
High Schools Colorado Springs 11
School District Colorado Springs 11
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
NEARBY SCHOOL & BUSINESS