$590,000
$475,000
24.2%For more information regarding the value of a property, please contact us for a free consultation.
1850 Monterey RD Colorado Springs, CO 80910
10,072 SqFt
Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 10,072 sqft
Price per Sqft $58
Subdivision Shenandoah
MLS Listing ID 1922433
Sold Date 05/02/25
HOA Y/N No
Abv Grd Liv Area 4,016
Year Built 1984
Annual Tax Amount $1,961
Tax Year 2023
Lot Size 10,072 Sqft
Acres 0.23
Property Sub-Type Quadruplex
Source recolorado
Property Description
Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.
Location
State CO
County El Paso
Zoning R5
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace N
Laundry In Unit
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Composition
Total Parking Spaces 12
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Frame,Stucco,Wood Siding
Schools
Elementary Schools Pikes Peak
Middle Schools Carmel
High Schools Harrison
School District Harrison 2
Others
Senior Community No
Ownership Estate
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Finch & Gable Real Estate Company