Homes for sale - 4255 Loomis AVE, Colorado Springs, CO 80906

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Tim Reuss

tim@timandpatty.com +1(303) 601-9509

$ 749,900

Est. payment | -/mo

8 Beds

4 Baths

3,465 SqFt

Save

$ 749,900

Est. payment | -/mo

Save

8 Beds

4 Baths

3,465 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,465 sqft

Price per Sqft $216

Subdivision Patio Townhouse

MLS Listing ID 7298185

Style Traditional

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,465

Originating Board recolorado

Year Built 1971

Annual Tax Amount $2,064

Tax Year 2023

Lot Size 9,147 Sqft

Acres 0.21

Property Description

A rare opportunity for a turnkey investment awaits in this updated Stratmoor Hills quadplex. Showcasing recent interior and exterior upgrades, this property offers flexibility and rental income potential. Each of the four units features two bedrooms, one bathroom and in-unit laundry for added convenience. Three of the four units have been thoughtfully updated with modern finishes, including neutral tiles and stylish light fixtures. Owners may choose to reside in one unit and rent the remaining three units, or rent all four units to maximize returns. A large backyard with a seating and play area presents plenty of space for enjoying outdoor relaxation. Ample space for vehicles is offered with off-street space for up to 16 cars and trucks. A central location within Colorado Springs provides close proximity to the Army base, schools and Cheyenne Meadows Park. Welcome to drive by, but please do not disturb tenants. Owner will consider carrying for up to 6 months. INDIVIDUAL electric meters were just installed.

Unit A is occupied, water and electric currently included in $1,800 rent; however, January 1 with new electric meters now in place rent will be reduced to $1,400 and tenant will pay own electric, ground-floor unit with patio and fenced outdoor space.
Unit B is occupied, water included in $1,400 month-to-month rent, tenant pays own electric, ground-floor unit with patio and fenced outdoor space.
Unit C is occupied with month-to-month at $1,400, water included in rent, January 1 with new electric meters now in place rent will be retained at $1,400 and tenant will pay own electric, 2nd-floor unit with balcony.
Unit D is vacant, water included in rent, rent advertised for $1,300 and tenant will pay own electric, 2nd-floor unit with balcony.

Location

State CO

County El Paso

Zoning RM-30

Rooms

Basement Cellar, Partial

Interior

Interior Features Open Floorplan, Quartz Counters, Smart Ceiling Fan

Heating Baseboard

Cooling Other

Flooring Tile, Vinyl, Wood

Fireplace N

Appliance Dishwasher, Dryer, Freezer, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Balcony, Playground

Parking Features Driveway-Dirt, Driveway-Gravel

Fence Partial

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

View Mountain(s)

Roof Type Metal

Total Parking Spaces 16

Garage No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Cement Siding,Frame

Schools

Elementary Schools Stratmoor Hills

Middle Schools Fox Meadow

High Schools Harrison

School District Harrison 2

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other, Owner Will Carry, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other, Owner Will Carry, VA Loan

Special Listing Condition None

Pets Allowed Cats OK, Dogs OK, Number Limit, Pet Deposit

Listed by Milehimodern • Mary@milehimodern.com,303-881-8841

Making real estate fun, simple and stress-free!

+1(303) 601-9509

tim@timandpatty.com

8300 E Maplewood Ave, 100

4255 Loomis AVE Colorado Springs, CO 80906