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Sold for $755,000 on 05/03/24
  • $755,000

    4625 N Carefree Circle, Colorado Springs, CO 80917

    8beds
    4baths
    3,088sqft
    Quadruplex
    Built in 1972
    -- sqft lot
    $724,100 Zestimate®
    $244/sqft
    $1,884 Estimated rent

    Owner options

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    $1,884/mo

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    $1,884/mo

    Rent Zestimate®

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    $4,280/mo

    Est. payment

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    $4,280/mo

    Est. payment

    What's special

    Get positive cash flow immediately with this fully occupied 8.1% cap rate 4-plex! All units have been updated in the last 5 years. Electric is individually metered - 4 units and 1 house meter. The 4 electric meters are in the tenant's names and the House is Billed back. The Water / Sewer / gas / trash are billed back. All units are occupied. *** Available to show with 24 hours notice to Tenant. Owner pays the grounds care. Laundry is on the 2nd floor and washer and dryer are both new in the last year. Luxury Vinyl Tile Throughout.

    Zillow last checked: 8 hours ago

    Listing updated: May 05, 2025 at 10:36am

    Listed by:

    Michael Tilley 970-568-8162,

    Tradewind Real Estate LLC,

    Michael Tilley 970-568-8162,

    Tradewind Real Estate LLC

    Bought with:

    Jake Wade, 100091177

    RE/MAX Real Estate Group Inc

    Source: REcolorado,MLS#: 3014917MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Electric, Hot Water
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Microwave, Oven, Refrigerator
    • Laundry: Common Area
    Features
    • Smoke Free
    • Flooring: Vinyl
    • Has basement: No
    • Common walls with other units/homes: 1 Common Wall,2+ Common Walls
    Interior area
    • Total structure area: 3,088
    • Total interior livable area: 3,088 sqft
    • Finished area above ground: 2,316

    Property

    Parking
    • Total spaces: 8
    • Details: Off Street Spaces: 8
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio
    Lot
    • Size: 8,600 sqft
    Details
    • Parcel number: 6326417009
    • Zoning: R5 AO
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Frame, Stucco
    • Roof: Composition
    Condition
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected

    Community & neighborhood

    Location
    • Region: Colorado Springs
    • Subdivision: Candelwood

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $109 quarterly
    • Association name: Village Seven HOA
    • Association phone: 303-980-0700

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
    • Ownership: Individual
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    Estimated market value
    $724,100