UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $286
Subdivision Venetian Village
MLS Listing ID 2124802
Style Traditional
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 2,304
Year Built 1954
Annual Tax Amount $1,525
Tax Year 2025
Property Sub-Type Quadruplex
Source recolorado
Property Description
The property benefits from its location in Colorado Springs, one of Colorado's largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.
Location
State CO
County El Paso
Zoning R-5
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air
Cooling None
Flooring Carpet, Tile
Fireplace N
Appliance Freezer, Oven, Range, Refrigerator
Laundry In Unit
Exterior
Roof Type Composition
Total Parking Spaces 4
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Edison
Middle Schools Mann
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Schools and Properties Nearby
Learn More About LPT Realty
Cesar Peña
Real Estate Advisor License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076