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.
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
What's special
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#: 3014917
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