1025 Magnolia Street

Colorado Springs, CO 80907
$695,000
Welcome to a turnkey income property at a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and holds up in person. The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents. Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing.
Market LogoCourtesy of Keller Williams Realty DTC LLC.Nathan Crumb, (303) 771-7500
Listing Snapshot
Days Online
0
Last Updated
Property Type
Fourplex
Lot Size
0.19 Acres
Year Built
1971
MLS Number
2763154
Property Location Map
Additional Details
Appliances & Equipment
Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Oven, Range, Refrigerator, Self Cleaning Oven, Washer
Building
Living Area: 0, Number Of Units Total: 4, Year Built: 1971, Structure Type: Framed on Lot, Frame
Cooling
Cooling: Other
Disclosures
Exclusions: Tenants Personal Property.
Heating
Heating: Baseboard, Hot Water
Laundry
Features: Electric Hook-up
Lot
0.1905 acres, 8,300 square feet
Owner Pays
Owner Pays: Electric, Gas, Sewer, Trash, Water
Property
Parcel Number: 6329313034, Property Sub Type: Fourplex, Zoning: R-4
Roof
Roof: Composite Shingle
Sewer
Sewer: Sewer
Taxes
Annual Amount: $2,302
Tenant Pays
Tenant Pays: None
Utilities
Utilities: Electricity Connected, Natural Gas Connected, Water Source: Municipal
Windows
Features: Vinyl
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Tony Casados
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