$717,000
$760,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
4 Baths
3,573 SqFt
SOLD DATE : 09/04/2024
Key Details
Sold Price $717,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,573 sqft
Price per Sqft $200
Subdivision Prospect Park
MLS Listing ID 7534316
Sold Date 09/04/24
Bedrooms 14
HOA Y/N No
Originating Board recolorado
Year Built 1969
Annual Tax Amount $1,278
Tax Year 2022
Lot Size 9,147 Sqft
Acres 0.21
Property Description
2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two-bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched
roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades over the last 6 months with new windows, a refreshed painted exterior and a perimeter fence. This property also come equipped with a wireless security camera system. Each unit offer additional storage
units for personalized comfort. With its prime location 2115 Preuss Rd presents a turnkey investment opportunity with immediate cashflow. This property offers a 8.05% cap rate and 8.32% cash on cash return!
For investors looking for more scale this ownership group is also offering 903 Boggs Pl, 2123 Pruess Rd, 2135 Pruess Rd, 3445 Cochran Dr and 1518 & 1512 S Corona Ave, Colorado Springs.
Location
State CO
County El Paso
Zoning R5
Rooms
Basement Daylight, Finished
Interior
Heating Baseboard
Cooling None
Flooring Vinyl
Fireplace N
Appliance Dishwasher, Microwave, Oven, Refrigerator
Laundry Common Area
Exterior
Garage Asphalt
Fence Full
Utilities Available Internet Access (Wired)
Roof Type Architecural Shingle
Parking Type Asphalt
Total Parking Spaces 8
Garage No
Building
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Stucco
Schools
Elementary Schools Hunt
Middle Schools Academy For Advanced And Creative Learning
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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