1322 Arch St
Colorado Springs, CO 80904
- 8 beds
- 4 baths
- 3,216 sqft
- 8,520 sqft lot
- $217 per sqft
- 1973 build
- – on site
Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied $56,040 current gross revenue in Jan 2025. Limited taxes has helped control operating expenses (est. $14,500, 2024) which would produced a potential Net Operating Income of $41,540 in 2025 and a 5.93% cap rate. The property features nine (9) off-street parking spaces and each unit features laundry, individual gas heat and energy efficient heat pump ("mini-split") heating and cooling. Minutes to downtown Colorado Springs, close to recreation, dining and shopping. Fully leased with established renters. New LVP flooring or new carpet in units, mostly updated bathrooms, kitchen improvements, newer appliances, washers and dryers. Newer furnaces and water heaters. Sewer lines to street replaced 13 years ago, composite roof in good shape, newer interior and exterior paint. Each unit has a storage locker. Plenty of parking on east and west side of building. Quiet community. Nice mountain views, close to nature. All units come with washer and dryer hookups. Units are occupied. Do not disturb tenants. Tours are not allowed - please review photos. Access to the Property will be provided upon an accepted Contract to Buy and Sell. Exceptions will not be made - if working with a broker, please make sure they read the remarks BEFORE reaching out. Possession will be subject to any/all tenant leases and any additional tenant's rights. Financials available upon request.
Last checked:
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Last updated Jan 9, 2025
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MLS# 9935893 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1973
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New Construction:false
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Construction Materials:Wood/Frame
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Architectural Style:Contemporary/Modern
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Foundation Details:Slab
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Direction Faces:South
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Stories:2
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Levels:Two
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Patio And Porch Features:Deck
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Roof:Composition
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# of Units Total:4
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Building Area Total:3216
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Total SqFt:3216
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Above Grade Finished Area:3216
Room Dimensions
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Living Area:3216
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Living Area Units:Square Feet
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Living Area Source:Assessor
Location
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Coordinates:-104.865959, 38.835918
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Latitude:38.835918
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Longitude:-104.865959
The Property
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Property Type:Residential Income
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Property Subtype:Income Property
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Lot Size Acres:0.2
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Lot Size SqFt:8520
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Lot Size Area:8520
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Lot Size Units:Square Feet
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Zoning:R2
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View:Mountain(s)
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Exclusions:All tenant owned personal property and appliances.
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Horse:false
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Water Source:City Water
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Waterfront:false
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2023
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Tax Annual Amount:2036
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
Heating & Cooling
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Heating:Forced Air
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Heating:true
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Cooling:Room Air Conditioner
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Cooling:true
Utilities
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Utilities:Electricity Available
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Gas:Separate Meter Gas
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Electric:Electric, Separate Meter Electricity
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Sewer:City Sewer
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Midland
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Middle Or Junior School:West
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High School:Coronado
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High School District:Colorado Springs 11
The Community
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Subdivision Name:South Colorado City & Calvert Heights
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Senior Community:false
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Spa:false
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Association:false
Parking
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Garage:true
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Attached Garage:false
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Garage Type:Off Street
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Garage Spaces:9
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Covered Spaces:9
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Other Parking:Parking Per Unit(2 Spaces/Unit)
Extra Units
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Bedrooms Unit 1:2
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Total Baths Unit 1:1
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Bedrooms Unit 2:2
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Total Baths Unit 2:1
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Bedrooms Unit 3:2
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Total Baths Unit 3:1
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Bedrooms Unit 4:2
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Total Baths Unit 4:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/8/25
Jan 8, 2025
|
Listed / Active | IRES | $700,000 |
