#7196138
Colorado Springs, CO
- 10 beds
- 4 baths
- 3,668 sqft
- 11,100 sqft lot
- $211 per sqft
- 1975 build
- – on site
INVESTMENT OPPORTUNITY YOU DONT WANT TO MISS! Cushman & Wakefield is pleased to present 4995 Picturesque Circle, a 4-unit multifamily property in a high rental demand area near the Powers Blvd corridor in Colorado Springs. The property consists of (2) 2-bed/1-bath units and (2) 3-bed/1-bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, and well cared for by current owner. Potential buyers have the operational value add of getting all units up to market rent and continuing light improvements on the property as leases turn. This location provides residents access to major employers along the N Powers Blvd Corridor, schools, and North Academy Blvd. Its prime location, near shopping amenities, dining & entertainment, provides a solid foundation for attracting and retaining quality long-term tenants. Palmer Park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features, and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The current rent roll provides consistent and predictable in-place returns, allowing potential buyers an opportunity to acquire a high performing asset.
Last checked:
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Last updated Feb 21, 2025
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MLS# 7196138 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1975
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New Construction:false
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Construction Materials:Wood Siding
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# of Units Total:4
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Building Area Total:3668
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Total SqFt:3668
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Roof:Fiberglass
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Levels:Two
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Stories:2
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Above Grade Finished Area:3668
Interior
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Fireplace:true
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Fireplace Features:2+ Fireplaces
Room Dimensions
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Living Area:3668
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
Location
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Coordinates:-104.734749, 38.885052
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Latitude:38.885052
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Longitude:-104.734749
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:0.25
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Lot Size SqFt:11100
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Lot Size Area:11100
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Lot Size Units:Square Feet
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Exclusions:N/A
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Horse:false
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Other Structures:Outbuildings
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Water Source:Other Water/Sewer
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Waterfront:false
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Annual Amount:2478
Beds
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Bedrooms Total:10
Baths
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Total Baths:4
The Listing
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Baseboard
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Heating:true
Utilities
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Sewer:Other Water/Sewer
Schools
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Elementary School:Rudy
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Middle Or Junior School:Sabin
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High School:Mitchell
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High School District:Colorado Springs 11
The Community
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Subdivision Name:Palmer Park
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Senior Community: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:6
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Covered Spaces:6
Extra Units
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Bedrooms Unit 1:3
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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
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/20/25
Feb 20, 2025
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Listed / Active | IRES | $775,000 |
