Introducing a rare investment opportunity! This is a 6 plex in good condition in highly desirable Westside. Rents are well below market for long-term tenants-this is a great opportunity for better GRI. All tenants are on month-to-month. Low care exterior, plenty of off-street parking for tenants. There is extra lockable storage for tenants in the laundry area. The laundry is leased by Jetz Laundry Service, and has 2 washers and 2 dryers (not included in sale). 3 two bedroom apartments, and 3 one bedroom units. Unit 1 is vacant. Separately metered for electric, but the tenants reimburse seller monthly in arrears for all other utilities including trash. (prorated) The other garage is vacant. All tenants are current on rent. Check average leased price for 1 bedroom and 2 bedroom units to see what the GRI and rents could be! New boiler.
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Location
2620 King Street, Colorado Springs, CO 80904
Status
Sold
Property Amenities
Area & Lot
Lot Area0.276 Acres
Living area12,000.78 Sq.Ft.
MLS® ID7237322
Year Built1970
School DistrictColorado Springs-11
TypeMulti-Family
StatusSold
Exterior
Air conditioningCeiling Fan(s)
Heat typeBaseboard, Natural Gas
RoofShingle
Finance
Sales Price$875,000
Real Estate Tax$2,358 yearly
Work With Us
Gary and his team focus on his commitment to providing their clients with first class, 5 star service, before, during and after the transaction.