New Listing1322 Arch Street , Colorado Springs, CO 80904
Colorado Springs, CO 80904
Description
Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied and made $_____ gross revenue in 2024. Limited taxes has helped control operating expenses and produced a Net Operating Income of $____ in 2024. The property features five off-street parking spaces and each unit features laundry, individual gas heat and energy efficient heat pump ("mini-split") heating and cooling. Minutes to downtown Colorado Springs, close to recreation, dining and shopping. Fully leased with established renters. New LVP flooring or new carpet in units, mostly updated bathrooms, kitchen improvements, newer appliances, washers and dryers. Newer furnaces and water heaters. Sewer lines to street replaced 13 years ago, composite roof in good shape, newer interior and exterior paint. Each unit includes a storage closet. Plenty of parking on east and west side of building. Quiet community. Nice mountain views, close to nature. All units come with washer and dryer hookups. Units are occupied. Do not disturb tenants. Tours are not allowed - please review photos. Access to the Property will be provided upon an accepted Contract to Buy and Sell. Exceptions will not be made - if working with a broker, please make sure they read the remarks BEFORE reaching out. Possession will be subject to any/all tenant leases and any additional tenant's rights. Financials available upon request.
Details
| MLS# | 820342 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 7 |
| Listing Provided By | Lucchesi Property Group | Daniel Lucchesi |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 3,216 |
| Units | 4 |
| Acreage | 0.20 |
| Property View | Yes |
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Learn More About This Property
| State | CO |
|---|---|
| County | El Paso |
| City | Colorado Springs |
| Zip Code | 80904 |
| Area | Other Area |
| Community Name | Other |
| School District | Open Enrollment |
| Elementary School | Open Enrollment |
| Middle School | Open Enrollment |
| High School | Open Enrollment |
| Listing VS Median (in Other) | |
Price: $700,000 low | high Med: $482,000 SqFt: 3,216 low | high Med: 1,913 $ / SqFt: $218 low | high Med: $252 On Site: 7 low | high Med: 26.500000 | |