$815,000

Residential Income In Cascade

  • 8 Beds
  • 4 Baths
  • 2,754 Sqft
  • 87,120.0 Ac lot
  • Updated: July 19
  • Source:
    IRES MLS  MLS#6707316

About the Property

Rare Ute Pass income play on 2 usable acres between Woodland Park and Colorado Springs - a fully-occupied 1955 fourplex with a 5+ year near-zero-vacancy track record and real capital already in the ground: upgraded electrical, all-new windows, and two turnkey-remodeled units (new kitchens, LVP flooring, paint, and appliances). Four 2-bed/1-bath units (~689 sf) with gas heat, gas ranges, refrigerat
Rare Ute Pass income play on 2 usable acres between Woodland Park and Colorado Springs - a fully-occupied 1955 fourplex with a 5+ year near-zero-vacancy track record and real capital already in the ground: upgraded electrical, all-new windows, and two turnkey-remodeled units (new kitchens, LVP flooring, paint, and appliances). Four 2-bed/1-bath units (~689 sf) with gas heat, gas ranges, refrigerators, and in-unit washer hookups; shared dryer, bear-proof trash, and a utility shed on the grounds. Lean operating profile - tenants cover electric, gas, and water; owner carries trash only. Unincorporated El Paso County has no short-term-rental permit requirement (buyer to verify) - pair that with two already-renovated units, a private drive, abundant parking, mountain views, and national-forest access, and the property reads as a compelling STR / mid-term-rental conversion or owner-occupant house-hack (FHA/VA financing possible on a 2-4 unit). Three of four units month-to-month by August leave clear mark-to-market and pet-premium upside. Financials, rent roll, and a short-term-rental analysis available to qualified buyers.
  • Property type

    Other

  • Year built

    1955

  • Price/sqft

    $295

Features

  • Mountain View
  • Renovated
  • Investment Property
  • Parking
  • Balcony

Explore the Area

8220 W US Highway 24, Cascade-Chipita Park, Colorado, United States View on Google Maps
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Call It Closed International Realty - Colorado Springs

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Call It Closed International Realty - Colorado Springs
Colorado, United States
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Call It Closed International Realty - Colorado Springs
Colorado Springs, Colorado, United States
View agency profile
Last updated
July 19
First listed
Jul 19
Listing reference
6707316
Listing status
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