The Process: Below you will find the general details of several properties that are for sale off-market. If you are interested in one or more of them, I will provide the address and additional details as requested. If you decide the property isn’t a good fit after additional details, no problem! If you decide you are interested after additional details, I will submit an offer under your direction/ price/ terms.
Price: Make an offer (recent sales at $990k for 2 bath units nearby)
Location: 80918 (Colorado Springs)
Year Built: 1973
Unit Mix: 2 bedroom, 1 bathroom units, 990 sq. ft.
Number of Stories: 2
Living Area: 3,904 sq. ft.
Lot Size: .29 acres
Parking: parking lot behind structure
Condition: Good. Maintained since ownership. Light remodeling.
Zoning: R4 HS
Rents: $4,624 total per month
Expenses: Gas $350-500 per month. Trash $90-100 per month. Property Management in place. Insurance $292 per month. Taxes $2316 annually.
Debt: Existing, small amount.
Utilities: Electric individual meters. Boiler for heat. All others billed back to tenants.
Recent Maintenance: Roof replaced in the last 10 years.
Unique Features: Mountain Views, Decks, Fireplaces.
Price: $875,000 (recent sales at $990k for 2 bath units nearby)
Location: 80918 (Colorado Springs)
Year Built: 1975
Unit Mix: 2 bedroom, 1 bathroom units, 2up, 2 down
Number of Stories: 2
Living Area: 3,696 sq. ft.
Lot Size: .31 acres
Parking: private parking lot behind structure
Condition: Good. Maintained since ownership. Light remodeling.
Zoning: R4 HS
Rents: $4,400 total per month + $100/month coin laundry
Expenses: $800-$1,000 per month in utilities, not currently billed back to tenants.
Debt: Existing
Utilities: Electric individual meters.
Recent Maintenance: new hot water heater, new washer dryer.
Unique Features: Beautiful private, fenced and landscaped back yard. Fireplaces in each unit. 2 storage sheds. Private storage closets. Mature trees.
Other: Updates include kitchen counter tops, wood floors in living rooms, new appliances. Fire hydrant at property for low insurance.
Price: $800,000 (fair value for fully renovated turn-key property)
Location: 80916 (Colorado Springs)
Year Built: 1972
Unit Mix: x2 three-bedroom, 1 bathroom, x2 two bedroom, 1 bathroom
Number of Stories: 2
Living Area: 3,745 sq. ft.
Lot Size: 8,500 sq. ft.
Parking: Parking lot in front of structure
Condition: Excellent. Completely remodeled, freshly landscaped, fenced, new asphalt parking lot
Zoning: R5 AO
Rents: $1700/mo. for 3-bedroom units. Total $3400 currently. x2 two bedroom units recently vacated and are unoccupied.
Expenses: Utilities and trash paid by tenants
Debt: None
Utilities: Single meter but billed back to tenants
Recent Maintenance: renovated units
Unique Features: Renovated units. New parking lot. Fresh landscaping and fencing.
Other: Opportunity to fill with your tenants at market rent.
Price: Make an Offer
Location: 80809 Cascade, CO (Near Woodland Park)
Year Built: 1970
Unit Mix: all 2 bed 1 bath, ~575 sq. ft. units
Number of Stories: 2
Living Area: 2,304
Lot Size: .37 acres
Parking: off street
Condition: Good
Zoning: R-T
Rents: x2 $1150, $1100, $975
Expenses: Utilities (Billed back to tenants)
Debt: $440,000, VA assumable 2.875% interest rate
Utilities: 1 Meter billed back to tenants
Recent Maintenance: 3 of 4 units remodeled in the last few years
Unique Features: Mountain setting
Other:
Price: $700,000
Location: 80915 Colorado Springs, CO
Year Built: 1983
Unit Mix: all 2 bed 1 bath, ~884 sq. ft. units
Number of Stories: 2
Living Area: 3,536
Lot Size: 6175 sq ft
Parking: Parking Lot
Condition: Good
Zoning: PUD AO
Rents: $1100 each
Expenses: Water
Debt: Yes, non-assumable
Utilities: Electric and Gas Individually Metered
Recent Maintenance: Recently replaced carpet paint fridge washer dryer in one unit.
Unique Features: Wood Burning Fireplaces
Other:
Price: Make an offer
Location: 80907 (Colorado Springs)
Year Built: 1965
Unit Mix: x2 – 3 bedrooms, 2 bathrooms | x1 – 2 bedrooms, 2 bathrooms | x1 – 1 bedroom short term rental
Number of Stories: 2
Living Area: 2,005 sq ft
Lot Size: .29 acres
Parking: Driveways on lot
Condition: Good.
Zoning: R1-6
Rents: $7,000 total per month
Expenses:
Debt: Existing, small amount.
Utilities: Single meter. Billed back to tenants.
Recent Maintenance: Ongoing bathroom addition. Will complete before sale.
Unique Features: Wired For Solar and Panels ready for install.
Price: Make an Offer
Location: Colorado Springs, CO 80904
Year Built: 1954
Unit Mix: 1- 1 bed, 1 bath. 1- 2 bed, 1 bath.
Number of Stories: 1
Living Area: 1,228 sq. ft.
Lot Size: 9,000 sq. ft.
Parking: each unit has a 1-car garage
Condition: fair
Zoning: M1
Rents: $1200, $1300 ($2500 total)
Expenses: trash
Debt:
Utilities: Individually metered
Recent Maintenance: Floors and paint.
Unique Features: In-unit laundry, garages.
Location: 102 S Union Avenue, Unit 304, Pueblo, CO, 81003
Price: $549,000
Year Built: 2008
Unit Size: 1 bedroom, 2 bathrooms
Living Area: 1,021
Parking: Underground parking garage (deeded space)
Condition: Excellent
Zoning: Condominium
Rents: $3,000 per month
Expenses: HOA $440 per month
Debt: Existing
Utilities: Central Air.
Unique Features: Exclusive building with only 12 units. The only one of its kind on located on the Pueblo riverwalk steps away from restaurants, shopping, and entertainment. Featuring Twenty One Steak House, River Wok, Angelo’s Pizza Parlor, 1129 Spirits & Eatery Grill, 2 Gyms, Pueblo Memorial Hall concert venue and upcoming Da Vinci Art Museum. Unit is available with furnishings shown in pictures, creating a turn-key rental opportunity. Rents for $3,000 per month, currently unoccupied.
Other: Laundry in unit.