Colorado Springs, CO 80917,Address not disclosed
Colorado Springs, CO 80917,Address not disclosed
Colorado Springs, CO 80917,Address not disclosed
Colorado Springs, CO 80917,Address not disclosed
Colorado Springs, CO 80917,Address not disclosed
Colorado Springs, CO 80917,Address not disclosed
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$ 775,000
Est. payment | /mo

10 Beds

4 Baths

3,668 SqFt


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$ 775,000
Est. payment | /mo
Save

10 Beds

4 Baths

3,668 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 3,668 sqft

Subdivision Palmer Park

MLS Listing ID 7196138

Bedrooms 10

HOA Y/N false

Abv Grd Liv Area 3,668

Originating Board REcolorado

Year Built 1975

Annual Tax Amount $2,478

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Income Property

Property Description

INVESTMENT OPPORTUNITY YOU DONT WANT TO MISS! Cushman & Wakefield is pleased to present 4995 Picturesque Circle, a 4-unit multifamily property in a high rental demand area near the Powers Blvd corridor in Colorado Springs. The property consists of (2) 2-bed/1-bath units and (2) 3-bed/1-bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, and well cared for by current owner. Potential buyers have the operational value add of getting all units up to market rent and continuing light improvements on the property as leases turn.
This location provides residents access to major employers along the N Powers Blvd Corridor, schools, and North Academy Blvd. Its prime location, near shopping amenities, dining & entertainment, provides a solid foundation for attracting and retaining quality long-term tenants. Palmer Park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features, and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The current rent roll provides consistent and predictable in-place returns, allowing potential buyers an opportunity to acquire a high performing asset.

Location

State CO

County El Paso

Area Out Of Area

Rooms

Other Rooms Outbuildings

Interior

Heating Baseboard

Fireplaces Type 2+ Fireplaces

Fireplace true

Exterior

Garage Spaces 6.0

Roof Type Fiberglass

Building

Story 2

Sewer Other Water/Sewer, Community

Water Other Water/Sewer

Level or Stories Two

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools Rudy

Middle Schools Sabin

High Schools Mitchell

School District Colorado Springs 11

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074

GET MORE INFORMATION

agent
Nicole And Alysia Clements

Realtor | Lic# 3002201

+1(970) 430-9451

9800 Pyramid Ct Ste 400, Englewood, CO

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