UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Old Colorado City
MLS Listing ID 6013353
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 10,855
Year Built 1964
Annual Tax Amount $2,271
Tax Year 2024
Lot Size 0.743 Acres
Acres 0.74
Property Sub-Type Quadruplex
Source recolorado
Property Description
Leisure Apartments presents an excellent opportunity for value creation and potential upside. Notably, a majority of units have undergone unit renovations showcasing the property's commitment to enhancing the living experience for residents. This value-add strategy has positioned the asset to command higher rental rates and attract tenants seeking updated living spaces. The remaining units present an opportunity for further renovation, allowing investors to capture additional value and maximize rental income. Please contact Lee Wagner with any questions 417-459-2155
Location
State CO
County El Paso
Interior
Heating Baseboard, Forced Air
Cooling None
Fireplace N
Laundry Common Area
Exterior
Fence Partial
Utilities Available Electricity Available, Natural Gas Available
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools West
Middle Schools West
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Learn More About LPT Realty
Cesar Peña
Real Estate Advisor | License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076