4255 Loomis AVE new to site Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80906
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 Stratmoor
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 vacant, water and electric currently included in $1,700 rent; however, January 1 with new electric meters now in place rent is currently advertised for $1,400 as tenant will pay 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