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Sold for $715,000
  • $715,000

    4230 Forrest Hill Rd, Colorado Springs, CO 80907

    8beds
    4baths
    2,808sqft
    Quadruplex
    Built in 1970
    -- sqft lot
    $716,900 Zestimate®
    $255/sqft
    $1,319 Estimated rent

    Home value

    $716,900

    $674,000 - $760,000

    $1,319/mo

    Zestimate® history
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    Owner options

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    $1,319/mo

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    $1,319/mo

    Rent Zestimate®

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    $3,916/mo

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    $3,916/mo

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    What's special

    Don't miss out on this incredible investment opportunity in the highly sought-after west-side neighborhood of Holland Park. This cute and updated 4-plex income property is now available for sale. Three out of the four units are rented, making it a turnkey investment. This cute and updated 4-plex offers a total of 2,808 square feet and was built in 1970, ensuring solid construction and lasting quality. Your tenants will appreciate the ample parking space both in the back and on the street. Clear assigned parking placards are included, ensuring convenience for all residents. Unit Features: Each of the four units offers 2 bedrooms and 1 full bath, as well as a good-sized living room and an open kitchen. Many of the units have received updates to their kitchens and bathrooms, ensuring a modern and comfortable living experience. The property boasts vinyl windows, a newer composite shingle roof, and a near-new boiler system, saving you on maintenance costs. Ceiling fans provide added comfort, and all kitchen appliances are included, making it an attractive rental option. Tenants pay for all utilities, which simplifies the property management process. The common laundry room with a clothes washer and dryer is included with the rent but can also serve as an additional income source for the owner. This property is ideally situated on the west side, making it a highly desirable location. Residents have easy access to prominent landmarks such as Garden of the Gods, Old Colorado City, Downtown Colorado Springs, the UCCS campus, and I-25, which offers convenient travel options to both the north and south. Whether you're a seasoned investor or just starting in the real estate market, this 4-plex offers both stability and growth potential. The strong rental history and well-maintained features make it a must-see property. Contact us today to seize this amazing investment opportunity in Holland Park before it's gone!

    Zillow last checked: 8 hours ago

    Listing updated: March 08, 2024 at 10:18am

    Listed by:

    Jeanne Guischard CDPE GRI MRP SRES 719-440-2872,

    Compass

    Bought with:

    Max Ferguson

    Fathom Realty Colorado LLC

    Source: Pikes Peak MLS,MLS#: 7551461MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Hot Water, Natural Gas, Radiant
    Cooling
    • Ceiling Fan(s), None, Wall Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Oven, Refrigerator
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 2,808 sqft

    Property

    Parking
    • Total spaces: 7
    Features
    • Fencing: None
    Lot
    • Size: 8,025 sqft
    Details
    • Parcel number: 7325208022

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick, Masonite, Wood Siding
    • Foundation: Garden Level
    • Roof: Composite Shingle
    Condition
    • Year built: 1970

    Utilities & green energy

    • Water: Municipal
    • Utilities for property: Natural Gas Connected

    Community & neighborhood

    Location
    • Region: Colorado Springs

    Other

    Other facts
    • Listing terms: Cash,Conventional,VA Loan

    Price history

    DateEventPrice
    3/8/2024Sold$715,000-7.7%$255/sqft
    Source: Pikes Peak MLS #7551461 Report a problem
    2/12/2024Contingent$775,000$276/sqft
    Source: Pikes Peak MLS #7551461 Report a problem
    2/12/2024Pending sale$775,000$276/sqft
    Source: REcolorado #8426922 Report a problem
    1/31/2024Price change$775,000-3.1%$276/sqft
    Source: Pikes Peak MLS #7551461 Report a problem
    11/22/2023Price change$799,900-1.9%$285/sqft
    Source: REcolorado #8426922 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,773 +152.8%$47,250
    2023$1,888 -9.8%$47,250 +40%
    2022$2,094 $33,740 -4.9%

    Find assessor info on the county website

    Neighborhood: West Colorado Springs

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Colorado Springs 11

    Source: Pikes Peak MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get a cash offer in 3 minutes
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    Estimated market value$716,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $716,900