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(720) 626-9747
Coldwell Banker - Carla Knight
1025 Magnolia St, Colorado Springs, CO 80907
- $695,000
- 8
- BD
- 4
- BA
- 3,282
- SqFt
Courtesy of Keller Williams DTC . nathancrumb@kw.com,303-999-9625
- List Price
- $695,000
- Type
- Multifamily
- Status
- COMING SOON
- MLS Number
- 6746365
- Finished Sqft
- 3,282
- Subdivision
- Crestmoor Park
- Year Built
- 1971
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.
Additional Information
- School District
- Colorado Springs 11
- Elementary School
- Edison
- Middle School
- Mann
- High School
- Coronado
- Style
- Contemporary
- Lot Size
- 8,300
- Acres
- 0.19
- Taxes
- $2,302
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