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1850 Monterey Road

Colorado Springs, CO 80910
  • $475,000
  • STATUS: Active
  • ON SITE: 6 Days
  • ID#: 8632090
New On Site 6 Days Ago
UPDATED: 42 min ago
$475,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Finch & Gable Real Estate Company: 719-999-8901.

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.

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Pikes Peak Multiple Listing Service logo Summit Group Colorado | eXp Realty- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2025-02-06T20:41:09.03.
www.summitgroupcolorado.com/homes/159896702
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1850 Monterey Road Colorado Springs, CO 80910

  • Price: $475,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 42 min ago
  • ID#: 8632090
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1984
Built
Neighborhood:
Shenandoah
County:
El Paso
Area:
Colorado Springs
School District:
Harrison-2
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.
Exterior Features

Foundation Details Crawl Space Lot Size 10072.0000 Lot Size Units SqFt Parking Spaces Number Of 12 Roof Composite Shingle Siding StuccoWood Structure Framed on LotFrame

Interior Features

Cooling None Heating Forced AirNatural Gas Laundry Facilities Electric Hook-upGas Hook-up Unit Total Baths 8 Unit Total Beds 8

Property Features

Earnest Money 7500 Income Property Sub Type Fourplex Notices EstateSold As Is Tax Amount 1960.60 Tax Year 2023 Terms CashConventional Unit Count 4 Utilities Electricity ConnectedNatural Gas Connected Water Municipal



Pikes Peak Multiple Listing Service logo Summit Group Colorado | eXp Realty- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2025-02-06T20:41:09.03.
 
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Summit Group Colorado | eXp Realty
215 W Rockrimmon Blvd
Colorado Springs CO, 80919
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Finch & Gable Real Estate Company: 719-999-8901.