4255 Loomis Ave Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80906
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,465 sqft
Price per Sqft $216
Subdivision Patio Townhouse
MLS Listing ID 7298185
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 3,465
Originating Board REcolorado
Year Built 1971
Annual Tax Amount $2,064
Lot Size 9,147 Sqft
Acres 0.21
Property Description
A rare opportunity for a turnkey investment awaits in this updated Stratmoor Hills quadplex. Showcasing recent interior and exterior upgrades, this property offers flexibility and rental income potential. Each of the four units features two bedrooms, one bathroom and in-unit laundry for added convenience. Three of the four units have been thoughtfully updated with modern finishes, including neutral tiles and stylish light fixtures. Owners may choose to reside in one unit and rent the remaining three units, or rent all four units to maximize returns. A large backyard with a seating and play area presents plenty of space for enjoying outdoor relaxation. Ample space for vehicles is offered with off-street space for up to 16 cars and trucks. A central location within Colorado Springs provides close proximity to the Army base, schools and Cheyenne Meadows Park. Welcome to drive by, but please do not disturb tenants. Owner will consider carrying for up to 6 months. INDIVIDUAL electric meters were just installed.
Unit A is occupied, water and electric currently included in $1,800 rent; however, January 1 with new electric meters now in place rent will be reduced to $1,400 and tenant will pay own electric, ground-floor unit with patio and fenced outdoor space.
Unit B is occupied, water included in $1,400 month-to-month rent, tenant pays own electric, ground-floor unit with patio and fenced outdoor space.
Unit C is occupied with month-to-month at $1,400, water included in rent, January 1 with new electric meters now in place rent will be retained at $1,400 and tenant will pay own electric, 2nd-floor unit with balcony.
Unit D is vacant, water included in rent, rent advertised for $1,300 and tenant will pay own electric, 2nd-floor unit with balcony.
Location
State CO
County El Paso
Community Playground
Area Out Of Area
Zoning RM-30
Direction From Lake Ave., turn south onto Venetucci Blvd. Keep right toward B St. Turn right onto Crestridge Ave. Turn left onto Loomis Ave. Property is on the left.
Rooms
Other Rooms Outbuildings
Basement Partial
Interior
Interior Features Open Floorplan
Heating Baseboard
Appliance Dishwasher,Refrigerator,Washer,Dryer,Freezer
Exterior
Exterior Feature Balcony
Garage Spaces 16.0
Fence Partial
Community Features Playground
Utilities Available Electricity Available
View Mountain(s)
Roof Type Metal
Street Surface Dirt,Gravel
Porch Patio,Deck
Building
Faces West
Story 2
Foundation Slab
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Composition Siding
New Construction false
Schools
Elementary Schools Stratmoor Hills
Middle Schools Fox Meadow
High Schools Harrison
School District Harrison 2
Others
Senior Community false
SqFt Source Assessor