$640,000
$675,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
1065 Magnolia ST Colorado Springs, CO 80907
8 Beds
4 Baths
3,348 SqFt
Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,348 sqft
Price per Sqft $191
Subdivision Cragmoor
MLS Listing ID 3489024
Sold Date 04/21/25
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,348
Originating Board recolorado
Year Built 1971
Annual Tax Amount $1,944
Tax Year 2023
Lot Size 8,929 Sqft
Acres 0.2
Property Sub-Type Quadplex
Property Description
PERFECT INVESTMENT OPPORTUNITY NEAR UCCS!
Cushman & Wakefield is pleased to present an exceptional investment opportunity in a well-located 4-plex in Colorado Springs, with one vacant unit, situated near the University of Colorado, Colorado Springs (UCCS) and Interstate 25 (I-25). This multifamily property features four spacious 2-bedroom, 1-bathroom units, offering an attractive combination of high demand, consistent rental income, and long-term appreciation potential.
This well-maintained 4-plex is positioned for long-term value appreciation and offers the potential for strong returns to investors seeking stable income in a high-demand market. It is an ideal opportunity for those looking to capitalize on the growing rental
market in Colorado Springs, particularly in proximity to UCCS and I-25.
Location
State CO
County El Paso
Zoning R4
Interior
Heating Baseboard
Cooling None
Fireplaces Number 4
Fireplace Y
Laundry Common Area
Exterior
Roof Type Membrane
Total Parking Spaces 6
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Stucco,Wood Siding
Schools
Elementary Schools Edison
Middle Schools Mann
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Cushman & Wakefield