Investor-ready 4-Plex with extensive capital improvements! This property has been consistently updated & well maintained by the current owners, unlike many multi-family properties that require immediate repairs or deferred maintenance work. Major building improvements include: New roof, boiler/water heater system, & exterior paint (2025) • New coin-operated washer & dryer (2024) • Replacement windows (2022 & 2024) • New Fence along the back side of the property & steel post reinforcement (2024) • Stair & concrete improvements for the garden-level units (2022) • Large tree removals & exterior maintenance (2022 & 2025) • Sewer line cleaning & camera scoping (2022, 2024 & 2025) • Annual backflow testing & inspections (2022–2025) • Power washing, painted front steps & fresh mulch (2026), The units have also been updated over the past several years: UNIT 1 New fridge, dishwasher & interior paint (2026) • ADA-compliant toilet (2025) • New stove & window replacement (2024) • New carpet & luxury vinyl plank flooring (2021). UNIT 2 • New carpet, LVP flooring, New dishwasher, stove, & fridge (2023), and 1 window replacement (2022). UNIT 3 • New stove & interior paint (2025) • New carpet & LVP flooring (2023) New fridge & dishwasher (2022). UNIT 4 • New stove & fridge, interior paint, carpet, & LVP flooring (2025). The property includes a common coin-operated washer & dryer that provides additional income for the owner & added convenience for tenants. There is ample off-street parking w/ parking areas located in the front & west side of the building, plus additional parking along the east side- 10 parking spaces total. Each apartment features: • 2 bedrooms & 1 bathroom • Spacious eat-in kitchen • Refrigerator, electric range oven, dishwasher, and disposal • Good-sized bedrooms • Coat closet in the living room • Linen closet near the bathroom • Private front patio w/ storage closet. One unit is currently vacant, creating an excellent opportunity for an owner-occupant buyer.
Listed By
Agency Name: HomeSmart
Agency Phone: 719-634-8761
Shown By
Agency Title: The Cutting Edge, Realtors
Agency Phone: (719) 999-5067
Estimated Payment
$ 3,377.52 per month $2,930.81 Principal & Interest $273.17 Property Tax $173.54 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
1020 Chiricahua Loop | MLS# 2987656
This multi-family property located at 1020 Chiricahua Loop, Colorado Springs, CO 80915 is currently listed for sale with an asking price of $595,000. Search Colorado Springs real estate on www.thecuttingedgerealtors.com today.