$639,000
Colorado Springs, CO 80904
- 0.23 Acres
- El Paso County
- 6 Beds
- 4 Baths
Key Features
- Property Type: Residential Income
- Status: Active
- MLS® ID: 9709212
- Year Built: 1966
- Lot/Acreage: 0.23
- County: El Paso
- Neighborhood: West Colorado Springs
Interior Details
- Bedrooms: 6
- Bathrooms: 4
- Appliances: Refrigerator
- Heating: Forced Air
- Basement: Full, Partially Finished, Sump Pump
- Water: City Water
Exterior Details
- Garage: 2
- Zoning: R2
- Roof: Composition
- Other Structures: Outbuildings
- Sewer: City Sewer, Public Sewer
Description
Don't miss out on this West-side investment opportunity! This charming 4-plex property is fully occupied and is a great chance for investors and/or homeowner occupants to generate income. With a great mix of two-bedroom and one-bedroom units, this property appeals to a variety of prospective tenants. The 4-plex comes with a two-car garage and two storage sheds, features that are unique for most 4-plex properties. The garages and storage sheds could generate additional income for the savvy investor, once the current leases expire. The property's unit-layout is highly functional for tenant living spaces. It has new paint as of January, 2025 and front landscaping upgrades as of fall, 2024. Conveniently located, the property is within walking distance to shopping for tenants. Old Colorado City is also nearby for enjoyment of leisurely shopping and quaint eateries. The property is within 4 minutes or 1.8 miles from Colorado College. It is also near Pikes Peak C.C., Downtown and Colorado Technical University.
The property will need a new roof, for which the owner is willing to consider concessions. There is a history of repairs in 2016, in 2021, and in 2024 to address foundation and drainage concerns. Drainage improvements and two sump pumps have been added previously. Documentation of the repairs in Seller's possession is provided on request.
Square footage is approximate and should not be construed as exact. Buyers should verify square footage and should very property's condition to Buyer's satisfaction.
Location
- Address: 1728-1730 Armstrong Ave Colorado Springs CO 80904
- City: Colorado Springs
- State: CO
- Zip: 80904
From the intersection of Uintah St. and 17th St., turn south on 17th St. and proceed to the first street on the right: Armstrong Ave. Turn right onto Armstrong Ave. Fourplex is on the north (right) side of the street.
©2025 Information and Real Estate Services, LLC (IRES) - Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Information and Real Estate Services, LLC (IRES)
Listing # Courtesy of Paeleigh Reid of Reid Realty, Inc.. Last Updated: April 17, 2025.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
