1025 Magnolia St, Colorado Springs, CO 80907

$695,000
Add to Favorites Request Information Schedule Showing Schedule Virtual Tour New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Courtesy of Keller Williams Realty DTC LLC. (303) 771-7500

View on Map Request Info Add to Favorites Schedule Showing Schedule Virtual Tour
List Price
$695,000
Type
Multifamily
Property Sub Type
Fourplex
Status
ACTIVE
MLS Number
2763154
Neighborhood
Crestmoor Park
Year Built
1971
Contact Us Call Us View on Map New Search

(719) 283-9098

Property Description

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.

(719) 283-9098
Contact Us
Schedule Virtual Tour
Schedule Showing
Search All Properties

Additional Information

Lot Size Acres
0.1905
Lot Size Sq Ft
8,300
Tax Amount
$2,301
Water Source
City
Sewer
Sewer
Heating
Baseboard, Hot Water
Cooling
Other
School District
Colorado Springs 11
Request Info Schedule Showing Schedule Virtual Tour Add to Favorites
Add to Favorites Request Information Schedule Showing New Search

How much is your home worth?

...get an instant FREE property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks


The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.