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.
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
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#: 7947048

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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