931 Cheyenne Boulevard Colorado Springs, CO $ 699,000
931 Cheyenne Boulevard
$ 699,000
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931 Cheyenne Boulevard

Colorado Springs, CO, 80905
$ 699,000
Bedrooms6 Baths4.0 Sq 1,885

Monthly Estimate*

$ 4,883

Listed by RE/MAX Properties Inc
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Multi-Family Home for sale in Colorado Springs, CO

for $699,000 with 6 bedrooms and 4 full baths. This 1,885 square foot home was built in 1954 on a lot size of 0.26.

FOURPLEX GEM!! This unique property should be a part of your portfolio and is turnkey! Each unit holds its own charm and coziness with several updates throughout not to mention longtime reliable tenants in place. Did I mention respectful and low maintenance tenants that take pride in each of their units? Three of the four tenants have leases through 6/2025. The fourth unit is available 7/2024 and would be perfect timing for an owner occupy purchase. Some improvements include stainless steel appliances, newer hot water heaters, newer roof, newer 18'x 8' deck, laminate flooring, one unit has new windows, ADT alarm system on one unit, plumbing for an automatic sprinkler system, butcher block counter tops in one unit, breakfast bar in three units and fresh paint in two units. Find ample off street parking with 22'x19'x7' covered parking for two units, large front yard with mature trees and patio, storm doors on each unit and a fenced common area for pets. This opportunity is prime real estate in the Cheyenne D-12 district at the base of Cheyenne canyon in Colorado Springs.

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Multi-Family Active

Price

$ 699,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,635

Style

Traditional

Lot Size

0.26

Year Built

1954

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

4865533

Features
General
Interior Features Breakfast Nook Butcher Counters Ceiling Fan(s) Eat-in Kitchen Laminate Counters Solid Surface Counters Utility Sink
Sewer Public Sewer
Heating Baseboard Electric Forced Air Natural Gas
Cooling Air Conditioning-Room
Utilities Cable Available Electricity Connected Natural Gas Connected
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Gas Water Heater Oven Range Refrigerator
Exterior Features Dog Run
Zoning R1-6
Garage Spaces 0
Patio/Porch Features Deck
Architectural Style Traditional
Security Features Security System
Construction Materials Adobe
Exclusions Tenants personal property
Pets Allowed Yes
Year Built 1954
Tenant Pays Electricity Gas
View Mountain(s)
Levels One
Property SubType Quadplex
Tax Year 2022
Percent Ownership Individual
Gross Income 43706.92
County El Paso
Operating Expense 17374.18
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name J E M Sub
Facing Direction North
Status Active
Directions I-25 to exit 140 Tejon ST South on Tejon to traffic circle and Cheyenne Blvd exit traffic circle onto Cheyenne Blvd 1.1 miles and property is on south side of Cheyenne Blvd
High School Cheyenne Mountain
City Colorado Springs
Buyer Agent Compensation 2.5
Senior Community Y/N N
High School District Cheyenne Mountain 12
Lot Size Square Feet 11408
Carport Spaces 2
Street Name Cheyenne
Listing Terms Cash Conventional FHA VA Loan
Elementary School Skyway
Tax Annual Amount 2635
Middle/Junior High School Cheyenne Mountain
Property Condition Updated/Remodeled
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cheyenne Mountain 12
Elementary School District Cheyenne Mountain 12
Buyer Agent Compensation Type %
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Interior
Basement Exterior Entry Finished Walk-Out Access
Flooring Carpet Vinyl Wood
Common Walls 2+ Common Walls
Basement (Y/N) Y
Above Grade Finished Area 940
Street Suffix Boulevard
Laundry Features Common Area
Total Bedrooms 6
Below Grade Finished Area 825
Total Baths 4
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Exterior
Fencing Partial
Parking Features Driveway-Dirt
Lot Features Irrigated Landscaped Level Sprinklers In Front
Water Source Public
Total Parking 8
Lot Size Area 11408
Building Area Total 1885
Lot Size Acres 0.26
Lot Size Units Square Feet
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 931
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* Excluded Features
List By
Re/Max Properties Inc

Broker

(502) 314-7895

Phone

Affordability Calculator

$5,102
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,883
Monthly Property Taxes
$220
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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Nearby
3799539 Elementary School
3043907 Middle School
Cheyenne Mountain High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2024$699,000 -6.80% Price Down
4/3/2024$750,000 Listed Price

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931 Cheyenne Boulevard, Colorado Springs, CO, 80905 is a Multi-Family Home for sale at $699,000 with 1,885 sqft and a lot size of 0.26. 931 Cheyenne Boulevard has 6 bedrooms, 4.0 baths, and was built in 1954. The property's zip code is 80905 which is in Colorado Springs, CO