8220 W Us Highway 24 #1-4, Cascade, CO 80809

Awesome 4-plex for sale on the sunny side of Cascade! This 4-plex is in an outstanding location in a high rental demand, low rental supply area, located in Cascade, CO near Woodland Park, Ute Pass, Green Mountain Falls, Chipita Park, Manitou Springs and West Side Colorado Springs. 2,800 total square feet – four units each with 2 bedrooms, 1 bathroom, living room and kitchen. Each unit is approximately 700 square feet. Property sits on 2.0 acres, adjoins conservation easement and National forest and provides beautiful views, setting and abundant parking. Covered patios in lower 2 units, covered balconies in upper 2 units all with access to a concrete patio large enough for BBQ grill and picnic table. Each unit boasts economical utilities, storage closets, efficient gas wall furnaces, 40 gallon water heaters, gas ranges, refrigerators and washer hookups. Shared clothes dryer and bear proof 3 yard trash dumpster on grounds for tenant use. Utility shed on property perfect for Property Manager’s tools, lawn equipment or additional tenant storage. Property has much potential with sufficient land to build carports, garages, or additional storage units. This 4-plex was built in 1955 and has been well-managed by the seller/owner over the past 27 years. Please note that the El Paso County Assessor’s online database has an incorrect photo of the property. All units have been updated over the years. Most recently, Unit #2 has been refurbished in June 2023 to include luxury vinyl in kitchen and bathroom, kitchen upgrades including new gas range and refrigerator, new bathroom upgrades, new carpet in bedrooms and living room and fresh paint and fixtures throughout. Tenants are responsible for each unit’s separate natural gas account. Water and electric bills are paid by the owner and then allocated to units and charged to tenants for reimbursement to owner on a monthly basis. Asking price is $725,000. Contact seller to obtain actual and projected rental income and expenses. One unit is available to show. Others will be available for showing after contract. This is an opportunity to have an owner occupied 4-plex and an excellent income producing investment or rent all 4 units for an even higher rate of return. Seller intends to employ a seller's agent to write sales contract between buyer and seller and administer the sale process. Buyer will be responsible for cost of any other buyer agency or representation. Any contract will be written and executed in accordance with Section 1031 of the Internal Revenue Code. To observe the privacy of the tenants, please do not drive onto property, instead call first for a showing. Any inaccuracies in the information provided herein are unintentional and subject to buyer’s confirmation.