Homes for sale - 1322 Arch ST, Colorado Springs, CO 80904

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Max Tierney

Pak Home Realty

maxtrealestate.co@gmail.com +1(303) 523-9362

$ 700,000

Est. payment | -/mo

8 Beds

4 Baths

3,216 SqFt

Save

$ 700,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,216 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $217

Subdivision South Colorado City & Calvert Heights

MLS Listing ID 9935893

Style Contemporary

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,216

Originating Board recolorado

Year Built 1973

Annual Tax Amount $2,036

Tax Year 2023

Lot Size 8,712 Sqft

Acres 0.2

Property Description

Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied $56,040 current gross revenue in Jan 2025. Limited taxes has helped control operating expenses (est. $14,500, 2024) which would produced a potential Net Operating Income of $41,540 in 2025 and a 5.93% cap rate. The property features nine (9) off-street parking spaces and each unit features laundry, individual gas heat and energy efficient heat pump ("mini-split") heating and cooling. Minutes to downtown Colorado Springs, close to recreation, dining and shopping. Fully leased with established renters. New LVP flooring or new carpet in units, mostly updated bathrooms, kitchen improvements, newer appliances, washers and dryers. Newer furnaces and water heaters. Sewer lines to street replaced 13 years ago, composite roof in good shape, newer interior and exterior paint. Each unit has a storage locker. Plenty of parking on east and west side of building. Quiet community. Nice mountain views, close to nature. All units come with washer and dryer hookups.

Units are occupied. Do not disturb tenants. Tours are not allowed - please review photos. Access to the Property will be provided upon an accepted Contract to Buy and Sell. Exceptions will not be made - if working with a broker, please make sure they read the remarks BEFORE reaching out.

Possession will be subject to any/all tenant leases and any additional tenant's rights. Financials available upon request.

Location

State CO

County El Paso

Zoning R2

Interior

Heating Forced Air, Heat Pump

Cooling Air Conditioning-Room, Other

Fireplace N

Appliance Dishwasher, Range, Refrigerator

Laundry In Unit

Exterior

Fence None

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected

View Mountain(s)

Roof Type Composition

Total Parking Spaces 9

Garage No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Stucco

Schools

Elementary Schools Midland

Middle Schools West

High Schools Coronado

School District Colorado Springs 11

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, Other

Listing Terms 1031 Exchange, Cash, Conventional, Other

Special Listing Condition None

Listed by Lucchesi Property Group • Dan@TotalRealtyAdvisors.com,970-799-5354

1322 Arch ST Colorado Springs, CO 80904