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Colorado Springs,CO 80918
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,997 sqft
Price per Sqft $170
Subdivision Cottonwood Creek
MLS Listing ID 8673522
Bedrooms 3
Condo Fees $340
HOA Fees $340/mo
HOA Y/N Yes
Abv Grd Liv Area 1,403
Originating Board recolorado
Year Built 1986
Annual Tax Amount $1,206
Tax Year 2023
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Quadplex
Property Description
Income-Generating Townhome. This 3-bedroom, 3.5-bath townhome offers a fantastic opportunity for investors looking to add a high-demand rental property to their portfolio. Located in the desirable North Colorado Springs area, this freshly painted and carpeted townhome is situated in a thriving rental market, ensuring consistent tenant interest and steady cash flow potential. The open-concept main floor includes a bright living room with a sky light and a cozy gas fireplace. The kitchen offers all appliances, ample storage, and two windows, making it an appealing space for tenants. The upstairs includes two generously sized bedrooms, including a primary suite with a full bath, vaulted ceilings, & sky light. Loft space offers flexibility for tenants needing extra space for family or a home office. Outdoor Space: A fenced patio provides tenants with their own outdoor area, perfect for relaxation. The townhome includes a 2-car attached garage, in-unit laundry with washer/dryer, and central heating—features that are highly attractive to potential renters. HOA covers landscaping and snow removal, minimizing the maintenance requirements for property owners and ensuring the exterior is always well-kept. This property is located in the sought-after Cottonwood Creek area, close to schools, parks, shopping, and dining. With easy access to hiking trails, and major roadways like I-25 and Powers, it's a convenient location that appeals to a wide range of renters. With rental demand strong in this area and the property offering many amenities in the community, this townhome is poised to generate consistent rental income. Whether you're a seasoned investor or just starting to build your real estate portfolio, this is an ideal opportunity to invest in a property with significant long-term value.
Location
State CO
County El Paso
Rooms
Basement Finished,Full,Interior Entry
Interior
Interior Features Ceiling Fan(s),High Ceilings,High Speed Internet,Laminate Counters,Open Floorplan,Primary Suite,Vaulted Ceiling(s),Wet Bar
Heating Forced Air,Natural Gas
Cooling Air Conditioning-Room
Flooring Carpet,Laminate,Linoleum,Tile
Fireplaces Number 1
Fireplaces Type Gas Log,Living Room
Fireplace Y
Appliance Dishwasher,Disposal,Dryer,Microwave,Range Hood,Refrigerator,Self Cleaning Oven,Washer
Laundry In Basement
Exterior
Exterior Feature Lighting,Rain Gutters,Tennis Court(s)
Parking Features Concrete,Dry Walled,Insulated Garage,Lighted
Garage Spaces 2.0
Fence None
Pool Outdoor Pool
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available
Waterfront Description Stream
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Lot Description Landscaped,Many Trees,Protected Watershed
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Wood Siding
Schools
Elementary Schools Pioneer
Middle Schools Mountain Ridge
High Schools Rampart
School District Academy 20
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Pets Allowed Yes