906 Teal Court # 902 Colorado Springs, CO $ 725,000
906 Teal Court # 902
$ 725,000
Share Save

906 Teal Court # 902

Colorado Springs, CO, 80910
$ 725,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,007

Listed by MODUS Real Estate
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 1
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 2
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 3
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 4
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 5
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 6
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 7
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 8
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 9
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 10
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 11
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 12
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 13
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 14
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 15
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 16
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 17
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 18
906 Teal Court # 902, Colorado Springs, CO 80910 - Image 19

Commercial Property for sale in Colorado Springs, CO

for $725,000. This building was built in 1967.

MODUS Commercial is pleased to present 902-906 Teal Ct, a six unit multifamily building in Colorado Springs that pairs steady in place income with clear room to grow. Built in 1967 and spanning 4,325 square feet, the property is comprised of five one bed one bath units and one two bed one bath unit. The rent roll is anchored by a base of long term tenants, several of whom have called the property home for multiple years. That tenure speaks to the durability of the income and the appeal of the location, and it gives a new owner a stable foundation to build from. Because every unit is currently on a month to month lease, the next owner has the flexibility to reposition units, move rents toward market, and execute a business plan on their own timeline without waiting out long lease terms. There is meaningful upside to capture. Rents have been managed conservatively under current ownership, leaving room to bring the property in line with market as units turn. Just as important, the current owner does not bill tenants back for utilities. Implementing a utility bill-back program, whether RUBS or a similar structure, is a clear year one win that recaptures a cost ownership absorbs today and lifts net operating income from the outset. For an investor seeking a well located, well occupied asset with multiple levers to drive returns over time, 902-906 Teal Ct is a compelling long term value add opportunity in a resilient Colorado Springs submarket.

See more

Commercial Active

Price

$ 725,000

Property Type

Commercial

Taxes

$ 3,039

Style

Multi Family

Year Built

1967

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

6197685

Features
General
Sewer Public Sewer
Zoning R-5
Garage Spaces 0
Year Built 1967
Unit Number 902
Property Subtype Multi Family
Current Use Multi-Family
Parcel Number 64222-08-007
County El Paso
Property Type Commercial Sale
HOA N
Attached Garage N
City Colorado Springs
Senior Community Y/N N
Number Of Units Total 6
Carport Spaces 0
Property Attached Y/N N
Tax Annual Amount 3039
Standard Status Active
Freehold IDX
See more
* Excluded Features
List By
Modus Real Estate

Broker

astephens@moduscommercial.com,720-496-8868

Contact

Affordability Calculator

$5,261
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,007
Monthly Property Taxes
$253
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$725,000 Listed Price

Map


See all

906 Teal Court # 902, Colorado Springs, CO, 80910 is a Commercial Property for sale at $725,000. 906 Teal Court # 902 was built in 1967. The property's zip code is 80910 which is in Colorado Springs, CO