Property Description

Exceptional investment opportunity to acquire a 1985-built, occupied fourplex in the heart of Central Colorado Springs, just minutes from the U.S. Olympic & Paralympic Training Center. This well-maintained property features four spacious two-bedroom, one-bath units, averaging approximately 850 square feet each, providing stable in-place cash flow with significant long-term upside. A standout feature of this asset is its condominium-style layout & designation, creating the opportunity for future individual unit sales, offering investors an alternative attractive value-add exit strategy. Each large two-bedroom unit includes spacious bedrooms with plenty of closet space, full tile tub surrounds and in-building washers and dryers, enhancing tenant convenience and retention. The property has been meticulously maintained, featuring clean common areas, a professionally managed HOA, and recent capital improvements, including PEX water lines, helping reduce future maintenance costs. Hassle free maintenance with HOA covering all landscaping, irrigation, snow removal, parking lot maintenance. Situated in desirable Central Colorado Springs, the property is surrounded by retail, restaurants, with easy access to major transportation corridors that support strong and consistent rental demand. A key differentiator is the propertys condo-style configuration, offering future condo conversion potential and the opportunity to sell units individually. As Colorado Springs continues to experience strong population growth and housing demand, this investment provides immediate income with the potential for significant long-term appreciation.

Property Features

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