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Sold for $640,000 on 04/21/25
  • $640,000

    1065 Magnolia Street, Colorado Springs, CO 80907

    8beds
    4baths
    3,348sqft
    Quadruplex
    Built in 1971
    -- sqft lot
    $622,400 Zestimate®
    $191/sqft
    $1,505 Estimated rent

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    $1,505/mo

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    $3,541/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: April 22, 2025 at 03:06pm

    Listed by:

    Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,

    Cushman & Wakefield

    Bought with:

    Nic Polaski, 100099164

    Cushman & Wakefield

    Source: REcolorado,MLS#: 3489024MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Has basement: No
    • Number of fireplaces: 4
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,348
    • Total interior livable area: 3,348 sqft
    • Finished area above ground: 3,348

    Property

    Parking
    • Total spaces: 6
    • Details: Off Street Spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio
    Lot
    • Size: 8,929 sqft
    Details
    • Parcel number: 6329313031
    • Zoning: R4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco, Wood Siding
    • Roof: Membrane
    Condition
    • Year built: 1971

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Location
    • Region: Colorado Springs
    • Subdivision: Cragmoor

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Ownership: Individual
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    Estimated market value
    $622,400