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This recently renovated fourplex offers a stable, cash-flowing investment opportunity in a consistently high-demand rental market. Each unit was comprehensively updated in 2016 with vinyl windows, luxury vinyl plank (LVP) flooring, and new rear doors. The property has been well maintained with significant capital improvements already completed: Roof & gutters replaced in 2021 Parking lot restriped in 2021 All decks rebuilt & painted in 2020 Common areas refreshed with new paint & carpet in 2020 Each unit includes two dedicated parking spaces and a secure storage area. A shared laundry room is currently complimentary but could be converted to coin-operated for additional revenue. The building is 100% occupied, with strong tenant retention supported by proximity to major employment centers, including Peterson Space Force Base, downtown, and the airport. This location continues to see growth, making the property well-positioned for both immediate returns and long-term appreciation. With proven rental demand, updated systems, and minimal anticipated capital expenditures, this asset offers investors a turnkey, income-producing property with reliable cash flow from day one.
Property Type(s):
Multi Family
| Last Updated | 8/20/2025 | Year Built | 1972 |
|---|---|---|---|
| Community | Gaharts Sub Division | County | El Paso |
SCHOOLS
| School District | Colorado Springs 11 |
|---|
Additional Details
| AREA | Gaharts Sub Division |
|---|---|
| CONSTRUCTION | Brick, Wood Siding |
| HEAT | Baseboard, Hot Water |
| LOT | 10293 sq ft |
| TAXES | 2247 |
Location
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Listing provided by: LPT Realty LLC, 7755441328
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