2115 Preuss RD Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80910
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,573 sqft
Price per Sqft $233
Subdivision Prospect Park
MLS Listing ID 9943254
Year Built 1969
Annual Tax Amount $1,567
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Quadplex
Property Description
2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades, including new windows, a refreshed painted exterior, and a perimeter fence. Additional enhancements in 2025 include an electric panel replacement, a newly paved driveway, sidewalk, and patio area, as well as xeriscaping for improved curb appeal and low-maintenance landscaping. This property also comes equipped with a wireless security camera system. Each unit offers additional storage units for personalized comfort. With its prime location, 2115 Preuss Rd presents a turnkey investment opportunity with immediate cash flow. This property offers a 7.73% cap rate and 9.32% cash-on-cash return!
Location
State CO
County El Paso
Zoning R5
Interior
Heating Baseboard
Cooling None
Flooring Vinyl
Laundry Common Area
Exterior
Roof Type Architecural Shingle
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
Elementary Schools Hunt
Middle Schools Academy For Advanced And Creative Learning
High Schools Palmer
School District Colorado Springs 11
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Special Listing Condition None