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Sarah McGarry

sarah@mcgarryhometeam.com +1(719) 201-8352

$ 825,000

Est. payment -/mo

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209 N Arcadia ST Colorado Springs, CO 80903

4,160 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4774610

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $1,173

Tax Year 2024

Lot Size 4,160 Sqft

Property Sub-Type Fourplex

Property Description

Exciting Shooks Run Multi-family will kick-start your real estate investment portfolio! This profitable property consists of four fully furnished rental units! Walkable to Shooks Run Trail and Downtown Colorado Springs, the location can't be beat! Owned and operated with tender loving care, every piece of décor has been selected to tell a story. Guests and tenants love staying here! Unit 1 is a two-story space with a groovy 1960's theme! This unit walks out to the back parking lot. Unit 2 is a single level studio apartment with a Murphy bed and a 1930's design! Unit 3 is two stories with a cozy interior and drive-up parking at the front, and no units above or below it. Unit 4 has a Mid Century style. This garden level space features direct access to the laundry room. Three units operate as monthly furnished rentals, while the garden level unit is currently rented as an annual furnished rental. There is a parking lot for a total of three off-street parking spaces, as well as plenty of street parking. There's a very nice large patio and sitting area in the back of the property. Enjoy a Pikes Peak view and alley access also. The on-site laundry room includes owned coin-operated washer and dryer for a little extra income. A central boiler serves the whole property. Each unit has portable A/C included. Owner provides one internet connection which the building shares. The rents include utilities and trash. Plumbing has been upgraded to PEX. The units have been operated let-free and smoke-free! This property has been in huge demand with many loyal visitors planning their visits in advance to make sure they get to stay here.

Location

State CO

County El Paso

Area Highland

Interior

Cooling Other, See Prop Desc Remarks

Fireplaces Number 1

Fireplaces Type None

Laundry Coin, Common

Exterior

Garage Spaces 3.0

Fence None

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composite Shingle

Building

Foundation Full Basement

Water Municipal

Structure Type Stone,Frame

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Special Listing Condition Established Rental History, Lead Base Paint Discl Req

Virtual Tour https://youtu.be/oyPkp_TFgrY

Unit 3

Sqft 742

Beds 1

Baths 1

Rent Price 1600

Occupied Y

Furnished Y

Unit 1

Sqft 753

Beds 1

Baths 1

Rent Price 1600

Occupied Y

Furnished Y

Unit 4

Sqft 498

Beds 1

Baths 1

Rent Price 1600

Occupied Y

Furnished Y

Unit 2

Sqft 419

Baths 1

Rent Price 1500

Occupied Y

Furnished Y

Listed by Live Dream Colorado LLC

Sarah McGarry

Real Estate Strategist | License ID: 100065037

+1(719) 201-8352

Sarah McGarry

209 N Arcadia ST Colorado Springs, CO 80903

Key Details

Location

Interior

Exterior

Building

Schools

Others

Unit 3

Unit 1

Unit 4

Unit 2

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209 N Arcadia ST