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Listed by Kristan Rigdon ASN CNE EPRO GRI HomeSmart

$595,000

Est. payment - /mo

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9,801 Sqft Lot

Active Under Contract

1020 Chiricahua Loop Colorado Springs, CO 80915

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Ryan Meyer

ryan.k.meyer@exprealty.com +1(719) 723-1755

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 2987656

Construction Status Existing

Year Built 1973

Annual Tax Amount $3,278

Tax Year 2024

Lot Size 9,801 Sqft

Acres 0.225

Property Sub-Type Fourplex

Source Pikes Peak REALTOR® Services

Property Description

Investor-ready 4-Plex with extensive capital improvements! This property has been consistently updated & well maintained by the current owners, unlike many multi-family properties that require immediate repairs or deferred maintenance work. Major building improvements include: New roof, boiler/water heater system, & exterior paint (2025) • New coin-operated washer & dryer (2024) • Replacement windows (2022 & 2024) • New Fence along the back side of the property & steel post reinforcement (2024) • Stair & concrete improvements for the garden-level units (2022) • Large tree removals & exterior maintenance (2022 & 2025) • Sewer line cleaning & camera scoping (2022, 2024 & 2025) • Annual backflow testing & inspections (2022–2025) • Power washing, painted front steps & fresh mulch (2026), The units have also been updated over the past several years: UNIT 1 New fridge, dishwasher & interior paint (2026) • ADA-compliant toilet (2025) • New stove & window replacement (2024) • New carpet & luxury vinyl plank flooring (2021). UNIT 2 • New carpet, LVP flooring, New dishwasher, stove, & fridge (2023), and 1 window replacement (2022). UNIT 3 • New stove & interior paint (2025) • New carpet & LVP flooring (2023) New fridge & dishwasher (2022). UNIT 4 • New stove & fridge, interior paint, carpet, & LVP flooring (2025). The property includes a common coin-operated washer & dryer that provides additional income for the owner & added convenience for tenants. There is ample off-street parking w/ parking areas located in the front & west side of the building, plus additional parking along the east side- 10 parking spaces total. Each apartment features: • 2 bedrooms & 1 bathroom • Spacious eat-in kitchen • Refrigerator, electric range oven, dishwasher, and disposal • Good-sized bedrooms • Coat closet in the living room • Linen closet near the bathroom • Private front patio w/ storage closet. One unit is currently vacant, creating an excellent opportunity for an owner-occupant buyer.

Location

State CO

County El Paso

Rooms

Basement Garden Level

Interior

Heating Baseboard, Hot Water, Natural Gas

Cooling None

Fireplaces Type None

Furnishings Existing

Window Features Vinyl

Appliance Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer

Laundry Coin, Common

Exterior

Carport Spaces 8

Fence Rear

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composite Shingle

Building

Sewer Sewer

Water Municipal

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Tax ID 5407115031

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

NEARBY SCHOOL & BUSINESS

Ryan Meyer

Agent | License ID: FA100105063

+1(719) 723-1755 | ryan.k.meyer@exprealty.com

1020 Chiricahua Loop Colorado Springs, CO 80915

Ryan Meyer

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1020 Chiricahua Loop