Property Description

Solid income-producing fourplex in Colorado Springs offering an excellent investment opportunity with immediate upside. Three of the four units are currently occupied, while the freshly updated vacant unit is ready for immediate lease or is ideal for an owner-occupant looking to house hack while generating rental income. The property features three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit in an up/down configuration, creating a desirable mix of unit sizes that appeals to a broad tenant base. Several units have been updated, and the property offers functional, low-maintenance interiors with carpet, luxury vinyl plank flooring, vinyl flooring in kitchens and baths, electric range/ovens, full-size refrigerators, tub/shower combinations, and ample cabinet storage. Each unit includes its own dedicated storage closet, and tenants enjoy access to a shared coin-operated laundry room for additional owner income potential. Major capital improvements include a new roof installed in 2022 featuring Class 4 impact-resistant shingles, along with an upgraded deck. Tenants currently pay all utilities except lawn care, helping minimize owner expenses. The property also offers ample open parking in the front with additional space available to add parking in the rear if desired. A fully fenced front yard with attractive rock landscaping provides low-maintenance curb appeal, while the wood-frame construction presents cleanly and professionally at an attractive price point. Whether you're expanding your investment portfolio or searching for a property that allows you to live in one unit while collecting rental income from the others, this fourplex offers a compelling combination of cash flow potential, recent improvements, and future upside. Buyer to verify all information, including square footage.

Property Features