$1,810,000
$2,250,000
19.6%For more information regarding the value of a property, please contact us for a free consultation.
1.74 Acres Lot
SOLD DATE : 06/15/2023
Key Details
Sold Price $1,810,000
Property Type Multi-Family
Sub Type Aptmts(6+Units)
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4507675
Sold Date 06/15/23
HOA Y/N No
Year Built 1984
Annual Tax Amount $12,623
Tax Year 2022
Lot Size 1.740 Acres
Property Description
Mountain setting minutes from downtown Colorado Springs and just 5 Minutes from Woodland Park. Lack of area rentals make these highly desirable and easy to lease. Open layouts feature two story entryway, beamed ceilings, decks off dining area, W/D hookups, fireplaces, private vanity and walk-in closets in the large master suites. Sale to include the adjoining vacant lot. Gas and electric individually metered. Interiors recently updated in several units. Property makes an overall great rental to hold or sell each individual townhouse resale as has separate schedule number/address. Room for 8 more units on the adjoining lot to the West. These are a popular option for those who work in Colorado Springs but want to live in nearby mountain town in a great school district. Very few vacancies but fill fast and the layouts and location attract excellent, well qualified tenants. Municipal utilities for all services except waste which is on a recently updated septic system. Recent upgrades include exterior paint, windows, garage doors, flooring, lighting and plumbing fixtures, countertops and more. Would potentially work well as furnished short term rentals. Please note, the system does not allow detailed entry in excess of 5 units. The gross rent shown under unit 5 includes the combination of units 5-8.
Location
State CO
County El Paso
Area Brazil
Interior
Cooling Ceiling Fan(s)
Fireplaces Number 1
Fireplaces Type Main, One
Laundry Electric Hook-up
Exterior
Garage Spaces 20.0
Fence None
Utilities Available Electricity, Natural Gas, Telephone
Roof Type Composite Shingle
Building
Foundation Crawl Space
Water Municipal
Structure Type Wood Frame
Schools
School District Manitou Springs-14
Others
Special Listing Condition Established Rental History
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