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This unique multifamily opportunity consists of 11 apartments with 1 studio units, 8 one beds, 1 two bed and 1 three bed unit. The property has recently been repainted, has a newer roof, newer HVAC and recent renovations to many of the units. The current owner has solid in place rents with room for rent growth as leases turn. Tenants pay an additional utility fee per month to get owner to net zero utility expense. This property is located in the desirable Manitou Springs area within walking distance to shops, restaurants and entertainment. A rent roll is available upon request.
Property Type(s):
Residential Income
| Last Updated | 3/3/2023 | Tract | Manitou Terrace |
|---|---|---|---|
| Year Built | 1920 | County | El Paso |
SCHOOLS
| School District | Manitou Springs-14 |
|---|
Price History
| Prior to Nov 29, '22 | $2,420,000 |
|---|---|
| Nov 29, '22 - Mar 3, '23 | $2,320,000 |
| Mar 3, '23 - Today | $2,100,000 |
Additional Details
| AIR | None |
|---|---|
| HEAT | Forced Air |
| INTERIOR | Laundry: None |
| LOT | 8028 sq ft |
| PARKING | 0 Space(s) |
| SUBDIVISION | Manitou Terrace |
| TAXES | 4652.72 |
| UTILITIES | Electricity Available,Gas Available |
| WATER | Municipal |
Location
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Listed with Capstone West, LLC
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