1025 Magnolia ST, Colorado Springs, CO 80907
1025 Magnolia ST, Colorado Springs, CO 80907
1025 Magnolia ST, Colorado Springs, CO 80907
46
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$695,000
Est. payment /mo
8 Beds
4 Baths
3,282 SqFt
Coming Soon

1025 Magnolia ST Colorado Springs, CO 80907

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,282 sqft

Price per Sqft $211

Subdivision Crestmoor Park

MLS Listing ID 6746365

Style Contemporary

Bedrooms 8

HOA Y/N No

Year Built 1971

Lot Size 8,300 Sqft

Acres 0.19

Property Sub-Type Quadruplex

Property Description

Welcome to a turnkey income property at 1025 Magnolia Street, a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and holds up in person.

The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents.

Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing.

Location

State CO

County El Paso

Zoning R-4

Interior

Interior Features Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)

Heating Baseboard, Hot Water

Cooling Other

Flooring Carpet, Tile, Vinyl

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

Laundry In Unit

Exterior

Waterfront Description Public

Roof Type Composition

Private Pool No

Building

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Schools

School District Elementary: Colorado Springs 11, Middle/Junior: Colorado Springs 11, High: Colorado Springs 11

Others

Senior Community No

Tax ID 63293-13-034

Special Listing Condition None Known

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REColorado MLS
Listed byKeller Williams DTC

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Amy Kriegbaum

Amy Kriegbaum

Broker License ID: 100004379

+1(303) 257-3489

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1025 Magnolia ST