1322 Arch St Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80904
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,216 sqft
Price per Sqft $209
Subdivision South Colorado City & Calvert Heights
MLS Listing ID 9935893
Style Contemporary/Modern
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 3,216
Originating Board REcolorado
Year Built 1973
Annual Tax Amount $2,036
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Income Property
Property Description
Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied $56,461 current gross revenue (Jan 2025, annualized). Limited taxes have helped control operating expenses ($15,860, 2024). Our 2025 Pro Forma Net Operating Income os $40,246 in 2025 yielding a 5.96% cap rate. The property features nine (9) off-street parking spaces and each unit features laundry, individual gas heat and energy efficient heat pump ("mini-split") heating and cooling. Minutes to downtown Colorado Springs, close to recreation, dining and shopping. Fully leased with established renters.
New LVP flooring or new carpet in units, mostly updated bathrooms, kitchen improvements, newer appliances, washers and dryers. Newer furnaces and water heaters. Sewer lines to street replaced
Units are occupied. Do not disturb tenants. Tours are not allowed - please review photos. Access to the Property will be provided upon an accepted Contract to Buy and Sell. Exceptions will not be made - if working with a broker, please make sure they read the remarks BEFORE reaching out.
Possession will be subject to any/all tenant leases and any additional tenant's rights. Financials available upon request.
Location
State CO
County El Paso
Area Out Of Area
Zoning R2
Interior
Heating Forced Air,Heat Pump
Cooling Room Air Conditioner
Appliance Dishwasher,Refrigerator
Exterior
Garage Spaces 9.0
Utilities Available Electricity Available,Cable Available
View Mountain(s)
Roof Type Composition
Porch Deck
Building
Faces South
Story 2
Foundation Slab
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Stucco
New Construction false
Schools
Elementary Schools Midland
Middle Schools West
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community false
SqFt Source Assessor