209 N Arcadia Street, Colorado Springs, CO 80903

$825,000
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New to the Market Active
BEDS0 BATHS0.0 MLS#4774610
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHighland

Property Description

Exciting Shooks Run Multi-family will kick-start your real estate investment portfolio! This profitable property consists of four fully furnished rental units! Walkable to Shooks Run Trail and Downtown Colorado Springs, the location can’t be beat! Owned and operated with tender loving care, every piece of décor has been selected to tell a story. Guests and tenants love staying here! Unit 1 is a two-story space with a groovy 1960’s theme! This unit walks out to the back parking lot. Unit 2 is a single level studio apartment with a Murphy bed and a 1930’s design! Unit 3 is two stories with a cozy interior and drive-up parking at the front, and no units above or below it. Unit 4 has a Mid Century style. This garden level space features direct access to the laundry room. Three units operate as monthly furnished rentals, while the garden level unit is currently rented as an annual furnished rental. There is a parking lot for a total of three off-street parking spaces, as well as plenty of street parking. There’s a very nice large patio and sitting area in the back of the property. Enjoy a Pikes Peak view and alley access also. The on-site laundry room includes owned coin-operated washer and dryer for a little extra income. A central boiler serves the whole property. Each unit has portable A/C included. Owner provides one internet connection which the building shares. The rents include utilities and trash. Plumbing has been upgraded to PEX. The units have been operated let-free and smoke-free! This property has been in huge demand with many loyal visitors planning their visits in advance to make sure they get to stay here.

209 N Arcadia Street | MLS# 4774610

This multi-family property located at 209 N Arcadia Street, Colorado Springs, CO 80903 is currently listed for sale with an asking price of $825,000. Search Colorado Springs real estate on marisa-lindsay-team.thecuttingedgerealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Fireplaces: None
Home Style: Fourplex
Lot Size: 0.10 Acres
Roof Type: Composite Shingle
Taxes: $1,173
Year Built: 1900

Feature Descriptions

Appliances: Oven, Range, Refrigerator
Basement/Foundation: Full Basement
Days on Site: 2
Existing Utilities: Electricity Connected, Natural Gas Connected
Exterior: Wood
Handicap Access: Stairs to back entrance, Stairs to front entrance
Laundry Facilities: Coin, Common
Parking Spaces: 3
Units: 4
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: Live Dream Colorado LLC
Agency Phone: 719-581-3115

Shown By

Agent Name: Marisa Lindsay Team
Agent Phone: (719) 999-5067
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 4,402.11 per month $4,063.73 Principal & Interest $97.75 Property Tax $240.63 Homeowner's Insurance

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Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

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