Active

1728-1730 Armstrong Avenue

Colorado Springs CO, 80904

$639,000


Active

Multi-family

Built in 1966

Don't miss out on this West-side investment opportunity! This charming 4-plex property is fully occupied and is a great chance for investors and/or homeowner occupants to generate income. With a great mix of two-bedroom and one-bedroom units, this property appeals to a variety of prospective tenants, translating to stable income for the investor. The 4-plex comes with a two-car garage and two storage sheds, features that are unique for most 4-plex properties. The garage and storage sheds could generate additional income for the savvy investor, once the current leases expire. The property's unit-layout is highly functional for tenant living spaces. The 4-plex and garage have new paint as of January, 2025 and the property's front elevation has had recent landscaping upgrades as of fall, 2024. Conveniently located, the property is within walking distance to shopping for tenants. Old Colorado City is also nearby for enjoyment of leisurely shopping and quaint eateries. The property is within 4 minutes or 1.8 miles from Colorado College. It is also within a short driving distance to Ft. Carson, Pikes Peak State College, Downtown and Colorado Technical University.

The property will need a new roof, for which the owner is willing to consider concessions. There is a history of repairs in 2016, in 2021, and in 2024 to address foundation and drainage concerns. Drainage improvements and two sump pumps have been added previously. Documentation of the repairs in Seller's possession is provided in the MLS attached documents.

Square footage is approximate and should not be construed as exact. Buyers should verify square footage and should verify the property's condition to Buyer's satisfaction.

2395431

MLS ID

February 10, 2025

Listed

February 22, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Forced Air, Natural Gas


Basement

Yes

Exterior/Building Features

Lot Size

0.23 Acres


Roof

Shingle

School Information

School District

Colorado Springs 11

Other Property Details

Taxes

$2,150


Tax Frequency

Annually


Garage

No


View

No


County

El Paso

Listing History

Date

Event

Price

2/22/2025

Active

2/13/2025

Pending

Listed by Mary Reid, Reid Realty, Inc

Listing Contact: 7195104632

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Data Last Updated: 2/22/2025

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