2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
2620 King Street
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$875,000

2620 King Street

Description

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

Interior
Laundry room Coin, Common, Electric Hook-up
Appliances 220 v in Kitchen, Disposal, Kitchen Vent Fan, Range Oven, Refrigerator
Area & Lot
Lot Area 0.276 Acres
MLS® ID 7237322
Year Built 1970
School District Colorado Springs 11
Architecture Styles Wood Frame
Type COMMERCIAL
Status Sold
Exterior
Air conditioning Ceiling Fan(s)
Heat type Baseboard, Natural Gas
Water Source Municipal
Roof Composite Shingle
Utilities Cable, Electricity, Natural Gas, Telephone
Finance
Sales Price $875,000
Real Estate Tax $2,358

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