4320 Airport Road Colorado Springs, CO $ 725,000
4320 Airport Road
$ 725,000
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4320 Airport Road

Colorado Springs, CO, 80916
$ 725,000
Bedrooms10 Baths4.0 Sq 3,707

Monthly Estimate*

$ 5,064

Listed by Compass - Denver
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Multi-Family Home for sale in Colorado Springs, CO

for $725,000 with 10 bedrooms and 4 full baths. This 3,707 square foot home was built in 1971 on a lot size of 0.23.

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!

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Multi-Family Active

Price

$ 725,000

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,559

Style

Quadruplex

Lot Size

0.23

Year Built

1971

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

4502296

Features
General
Sewer Public Sewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R4 AO
Garage Spaces 0
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
County El Paso
Operating Expense 16560
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Eastborough
Status Active
Directions Google Maps
High School Mitchell
City Colorado Springs
Buyer Agent Compensation 2.8
Senior Community Y/N N
High School District Colorado Springs 11
Lot Size Square Feet 10140
Carport Spaces 0
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 Description Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Cap Rate 5.8
Buyer Agent Compensation Type %
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Exterior
Water Source Public
Total Parking 8
Lot Size Area 10140
Building Area Total 3707
Lot Size Acres 0.23
Lot Size Units Square Feet
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Interior
Basement (Y/N) N
Above Grade Finished Area 3707
Street Suffix Road
Laundry Features Common Area
Total Bedrooms 10
Total Baths 4
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Internal Only
Street Number 1 4320
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* Excluded Features
List By
Compass - Denver

Broker

(858) 922-7327

Phone

Affordability Calculator

$5,194
Per Month
97%
3%
0%
Monthly Principal & Interest
$5,064
Monthly Property Taxes
$130
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3043744 Elementary School
3043118 Middle School
Mitchell High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2024$725,000 Listed Price

Map


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4320 Airport Road, Colorado Springs, CO, 80916 is a Multi-Family Home for sale at $725,000 with 3,707 sqft and a lot size of 0.23. 4320 Airport Road has 10 bedrooms, 4.0 baths, and was built in 1971. The property's zip code is 80916 which is in Colorado Springs, CO