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Sold for $590,000 on 05/02/25
  • $590,000

    1850 Monterey Rd, Colorado Springs, CO 80910

    8beds
    8baths
    4,016sqft
    Quadruplex
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $147/sqft
    $2,074 Estimated rent

    Owner options

    List your home for rent

    $2,074/mo

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    $2,074/mo

    Rent Zestimate®

    Refinance and save

    $3,265/mo

    Est. payment

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    $3,265/mo

    Est. payment

    What's special

    Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.

    Zillow last checked: 8 hours ago

    Listing updated: May 02, 2025 at 12:04pm

    Listed by:

    Jason Daniels CDPE CIAS CLHMS MRP 719-999-8900,

    Finch & Gable Real Estate Company

    Bought with:

    Jason Daniels CDPE CIAS CLHMS MRP

    Finch & Gable Real Estate Company

    Source: Pikes Peak MLS,MLS#: 8632090MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Forced Air, Natural Gas
    Cooling
    • None
    Appliances
    • Laundry: Electric Hook-up, Gas Hook-up
    Interior area
    • Total interior livable area: 4,016 sqft

    Property

    Parking
    • Total spaces: 12
    Lot
    • Size: 10,072 sqft
    Details
    • Parcel number: 6427211032

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Stucco, Wood Siding, Framed on Lot
    • Foundation: Crawl Space
    • Roof: Composite Shingle
    Condition
    • Year built: 1984

    Utilities & green energy

    • Water: Municipal

    Community & neighborhood

    Location
    • Region: Colorado Springs

    Other

    Other facts
    • Listing terms: Cash,Conventional