Share this with your friends
(303) 284-1364
303 Property
1025 Magnolia St, Colorado Springs, CO 80907
- $695,000
- 8
- BD
- 4
- BA
- 3,282
- SqFt
- List Price
- $695,000
- Type
- Multifamily
- Property Sub Type
- Quadruplex
- Status
- ACTIVE
- MLS Number
- 6746365
- Structural Style
- Contemporary
- Bedrooms
- 8
- Bathrooms
- 4
- Sqft Total
- 3,282
- Year Built
- 1971
Property Description
Welcome to a turnkey income property at 1025 Magnolia Street, a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and holds up in person. The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents. Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing.
/u.realgeeks.media/303property/303_Property_Logo.png){kind=logo}
Additional Information
- Lot Size Acres
- 0.19
- Lot Size Sq Ft
- 8,300
- Tax Amount
- $2,302
- Water Source
- Public
- Sewer
- Public Sewer
- Heating
- Baseboard, Hot Water
- Cooling
- Other
- School District
- Colorado Springs 11
- Elementary School
- Edison
- Middle Or Junior School
- Mann
- High School
- Coronado
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Courtesy of Keller Williams DTC . nathancrumb@kw.com,303-999-9625