Address
4320 Airport Road, Colorado Springs, CO
Price
$ 725,000
Property Attributes
- MLS#4502296
- TypeMulti-Family
- CountyEL PASO
- CityColorado Springs
- NeighborhoodEastborough
- Zip80916
- StyleQuadruplex
- Year Built1971
- Taxes$ 1559
- Price$ 725,000
- Bedrooms10
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3707
- Lot Size10,019 SqFt
Data Source:
REColorado (MTOMLS)
Property Description
Investment Opportunity!! 4320 Airport Rd is a Quadplex which consists of (2) 3 Bedroom, 1 Bath Units and (2) 2 Bedroom, 1 Bath Units and an on-site washer and dryer room. Situated on a large lot it provides the building with a large parking lot to accommodate 8 parking spaces(2 per unit) and a front area with mature trees and low maintenance landscaping. Enjoy immediate cash flow as the building is fully occupied. Centrally located to public transportation, restaurants, shopping, etc makes for high rental demand, future appreciation and steady rent increases. 4320 Airport Rd sets itself apart from other Quad's in the area because of its unit mix with (2) 3 bedroom units, which demand a higher rental rate, as most units in the area are 2 Bedroom units. Rare find - Don't let this one pass you by!
| Elementary School | Middle School | High School |
|---|---|---|
| Edison Elementary School | Swigert Middle School | Mitchell High School |
| Price History | |
|---|---|
| 4/10/2024 | Listed $725,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard |
| Cooling | None |
| Roof | Composition |
| Zoning | R4 AO |
| Construction Materials | Brick,Stucco |
| Exclusions | All Tenants Personal Property. |
| Year Built | 1971 |
| Tenant Pays | Electricity,Internet |
| Levels | Two |
| Property SubType | Quadplex |
| Tax Year | 2022 |
| Percent Ownership | Corporation/Trust |
| Gross Income | 58800 |
| OwnerPays | Electricity,Gas,Trash Collection,Water |
| County | El Paso |
| Operating Expense | 16560 |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Eastborough |
| Status | Active |
| Directions | Google Maps |
| High School | Mitchell |
| City | Colorado Springs |
| Buyer Agent Compensation | 2.8 |
| Senior Community Y/N | No |
| High School District | Colorado Springs 11 |
| Lot Size Square Feet | 10140 |
| Street Name | Airport |
| Listing Terms | 1031 Exchange,Cash,Conventional |
| Elementary School | Edison |
| Tax Annual Amount | 1559 |
| Middle/Junior High School | Swigert |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Colorado Springs 11 |
| Elementary School District | Colorado Springs 11 |
| Cap Rate | 5.8 |
| Buyer Agent Compensation Type | % |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Above Grade Finished Area | 3707 |
| Street Suffix | Road |
| Laundry Features | Common Area |
| Total Bedrooms | 10 |
| Total Baths | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 8 |
| Lot Size Area | 10140 |
| Building Area Total | 3707 |
| Lot Size Acres | 0.23 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80916
Price
Taxes
Visits
Year Built
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