Colorado Springs, CO 80904,1322 Arch St
Colorado Springs, CO 80904,1322 Arch St
Colorado Springs, CO 80904,1322 Arch St
Colorado Springs, CO 80904,1322 Arch St
Colorado Springs, CO 80904,1322 Arch St
Colorado Springs, CO 80904,1322 Arch St
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$ 700,000
Est. payment | /mo

8 Beds

4 Baths

3,216 SqFt


Save
$ 700,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,216 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Subdivision South Colorado City & Calvert Heights

MLS Listing ID 9935893

Style Contemporary/Modern

Bedrooms 8

HOA Y/N false

Abv Grd Liv Area 3,216

Originating Board REcolorado

Year Built 1973

Annual Tax Amount $2,036

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Income Property

Property 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 $56,461 current gross revenue (Jan 2025, annualized). Limited taxes have helped control operating expenses ($15,860, 2024). Our 2025 Pro Forma Net Operating Income os $40,246 in 2025 yielding a 5.75% cap rate. The property features nine (9) 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
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.

Location

State CO

County El Paso

Area Out Of Area

Zoning R2

Interior

Heating Forced Air, Heat Pump

Cooling Room Air Conditioner

Appliance Dishwasher, Refrigerator

Exterior

Garage Spaces 9.0

Utilities Available Electricity Available, Cable Available

View Mountain(s)

Roof Type Composition

Porch Deck

Building

Faces South

Story 2

Foundation Slab

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories Two

Structure Type Wood/Frame,Stucco

New Construction false

Schools

Elementary Schools Midland

Middle Schools West

High Schools Coronado

School District Colorado Springs 11

Others

Senior Community false

SqFt Source Assessor

Information and Real Estate Services (IRES)
Listed by Lucchesi Property Group • Dan@TotalRealtyAdvisors.com,970-799-5354
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1322 Arch St