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Colorado Springs,CO 80904
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Old Colorado City
MLS Listing ID 6013353
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 10,855
Year Built 1964
Annual Tax Amount $2,271
Tax Year 2024
Lot Size 0.743 Acres
Acres 0.74
Property Sub-Type Quadruplex
Source recolorado
Property Description
Cushman & Wakefield is pleased to present Leisure Apartments, an exceptional multifamily real estate offering located in Old Colorado City. The property consists of 8 units offering one bedroom and one-bathroom units. Boasting a prime location and excellent walkability to a plethora of dining options, shopping destinations, and entertainment venues, this property presents an ideal living experience for residents. The property offers plenty of parking for tenants, on-site laundry & extra storage facilities. Situated with easy access to HWY 24 and I-25, residents can enjoy seamless commutes and convenient connectivity to surrounding areas. The nearby attractions of Manitou Springs as well as Downtown COS add to the property's allure. With 8 well-appointed units in a meticulously well-cared for building, Leisure Apartments presents itself as a diverse and attractive investment opportunity. Whether seeking an already solid income-generating property or an opportunity to enhance value, Leisure Apartments stands as an enticing investment option for those desiring to profit off the thriving real estate market in Colorado Springs.
Leisure Apartments presents an excellent opportunity for value creation and potential upside. Notably, a majority of units have undergone unit renovations showcasing the property's commitment to enhancing the living experience for residents. This value-add strategy has positioned the asset to command higher rental rates and attract tenants seeking updated living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income. Please contact Lee Wagner with any questions 417-459-2155
Location
State CO
County El Paso
Interior
Heating Baseboard,Forced Air
Cooling None
Fireplace N
Laundry Common Area
Exterior
Fence Partial
Utilities Available Electricity Available,Natural Gas Available
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools West
Middle Schools West
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Special Listing Condition None