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Sold for $710,000 on 08/23/23
  • $710,000

    8220 W Highway 24, Cascade, CO 80809

    8beds
    4baths
    2,754sqft
    Quadruplex
    Built in 1955
    -- sqft lot
    $786,600 Zestimate®
    $258/sqft
    $1,673 Estimated rent

    What's special

    Well maintained and managed income property for sale on the sunny side of Cascade! Three units are substantially under market rent; month to month leases allow for flexible future management of the property. Could be converted to 4 VRBO/Air B&B units. This 4-plex on two acres is located in a high rental demand, low rental supply area. Centrally located between Woodland Park and Colorado Springs this property attracts and retains high quality tenants -- zero vacancy for 5 plus years! Tenants enjoy low utilities, tons of parking, covered balconies and patios, private driveway with no through traffic, hiking access into adjoining national forest, gorgeous views and sunshine. 2,754 sf consisting of four units each with 2 bedrooms, 1 bathroom, living room and kitchen. Each unit is appointed with storage closets, efficient gas wall furnaces, 40-gallon gas water heaters, gas ranges, refrigerators and washer hookups. All units have been updated over the years. Most recently, Unit #2 has been sharply refreshed with all new flooring, paint, complete kitchen and bath upgrades, stainless appliances, and light fixtures. Shared clothes dryer and bear proof 3-yard trash dumpster on grounds for tenant use. Utility shed on property perfect for manager’s tools and supplies or for additional tenant storage income. The two acres of land offers potential to build carports, garages, or additional storage units.

    Zillow last checked: 7 hours ago

    Listing updated: August 23, 2023 at 07:30am

    Listed by:

    Chris Clark CRS GRI 719-464-5839,

    Pikes Peak Homes and Land Ltd

    Bought with:

    Jerry Davis

    Antioch Realty

    Source: Pikes Peak MLS,MLS#: 7947048MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • Attic Fan
    Appliances
    • Included: Refrigerator
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 2,754 sqft

    Property

    Parking
    • Total spaces: 8
    Features
    • Fencing: None
    Lot
    • Size: 2 Acres
    Details
    • Parcel number: 8323200042

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Siding, Framed on Lot
    • Foundation: Not Applicable
    • Roof: Other
    Condition
    • Year built: 1955

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Cascade

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    Services availability
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