This is a HUGE 4 Unit Property with a large lot of 10 off-street parking spaces. The property consists of 2-2Br/1Ba units and 2-3Br/1Ba. Unit A and D are remodeled with new carpet, windows and paint. New roof. New boiler. New windows. $20K of Capital Improvements were just put into the property this year. Pro-forma 7.1% CAP rate. The property is conveniently located near the Colorado Army National Guard and the Broadmoor. There are beautiful views of the mountains from the west facing units. The property also provides easy access to I-25.
Sold for $700,000 on 12/30/22
$700,000
4340 Loomis Avenue, Colorado Springs, CO 80906
10beds
4baths
3,908sqft
Quadruplex
Built in 1973
-- sqft lot
$643,900 Zestimate®
$179/sqft
$1,269 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 11, 2023 at 02:20am
Listed by:
Christopher Mitton 303-887-4955,
Pinnacle Real Estate Advisors
Bought with:
Walter Huff II, 001312180
Keller Williams DTC
Source: REcolorado,MLS#: 9850158
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Hot Water
Cooling
- Air Conditioning-Room
Features
- Has basement: No
Interior area
- Total structure area: 3,908
- Total interior livable area: 3,908 sqft
- Finished area above ground: 3,908
Property
Parking
- Total spaces: 10
- Details: Off Street Spaces: 10
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 6505407039
- Zoning: RM-30
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Concrete
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Colorado Springs
- Subdivision: Loomis
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Ownership: Individual
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Estimated market value
$643,900