2587 Hatch Circle
Colorado Springs, CO 80918
- 3 beds
- 4 baths
- 1,997 sqft
- 1,306 sqft lot
- $170 per sqft
- 1986 build
- – on site
Income-Generating Townhome. This 3-bedroom, 3.5-bath townhome offers a fantastic opportunity for investors looking to add a high-demand rental property to their portfolio. Located in the desirable North Colorado Springs area, this freshly painted and carpeted townhome is situated in a thriving rental market, ensuring consistent tenant interest and steady cash flow potential. The open-concept main floor includes a bright living room with a sky light and a cozy gas fireplace. The kitchen offers all appliances, ample storage, and two windows, making it an appealing space for tenants. The upstairs includes two generously sized bedrooms, including a primary suite with a full bath, vaulted ceilings, & sky light. Loft space offers flexibility for tenants needing extra space for family or a home office. Outdoor Space: A fenced patio provides tenants with their own outdoor area, perfect for relaxation. The townhome includes a 2-car attached garage, in-unit laundry with washer/dryer, and central heating—features that are highly attractive to potential renters. HOA covers landscaping and snow removal, minimizing the maintenance requirements for property owners and ensuring the exterior is always well-kept. This property is located in the sought-after Cottonwood Creek area, close to schools, parks, shopping, and dining. With easy access to hiking trails, and major roadways like I-25 and Powers, it’s a convenient location that appeals to a wide range of renters. With rental demand strong in this area and the property offering many amenities in the community, this townhome is poised to generate consistent rental income. Whether you're a seasoned investor or just starting to build your real estate portfolio, this is an ideal opportunity to invest in a property with significant long-term value.
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Last updated Feb 26, 2025
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MLS# 8673522 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1986
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Direction Faces:South
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Construction Materials:Wood Siding
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Structure Type:Quadruplex
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Entry Location:Exterior Access
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Exterior Features:Lighting, Rain Gutters, Tennis Court(s)
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Patio And Porch Features:Front Porch
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Security Features:Carbon Monoxide Detector(s), Smoke Detector(s)
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Roof:Composition
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Common Walls:2+ Common Walls
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Basement:true
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Levels:Three Or More
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Building Area Total:1997
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Building Area Source:Public Records
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Above Grade Finished Area:1403
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Below Grade Finished Area:594
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Property Attached:true
Interior
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Interior Features:Ceiling Fan(s), High Ceilings, High Speed Internet, Laminate Counters, Open Floorplan, Primary Suite, Vaulted Ceiling(s), Wet Bar
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Flooring:Carpet, Laminate, Linoleum, Tile
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Fireplaces Total:1
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Fireplace Features:Gas Log, Living Room
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Laundry Features:In Basement
Room Dimensions
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Living Area:1997
Location
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Directions:I-25 South to Woodmen Road exit. Left (East) when exiting the off ramp. Take Woodmen Road East, Left on Medrina Lane, Left on 2nd Hatch Circle
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Latitude:38.93215869
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Longitude:-104.77920309
The Property
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Property Type:Residential Income
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Property Subtype:Quadplex
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Parcel Number:6309414021
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Current Use:Live/Work
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Lot Features:Landscaped, Many Trees, Protected Watershed
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Lot Size Area:0.03
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Lot Size Acres:0.03
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Lot Size SqFt:1306.8
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Lot Size Units:Acres
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Exclusions:Seller & Tenant Personal Property
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Fencing:None
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Waterfront Features:Stream
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Road Responsibility:Private Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (719) 321-5300
- Office phone:
- (719) 884-6000
Taxes
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Tax Year:2023
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Tax Annual Amount:1206.53
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Tax Legal Description:LOT 61 COTTONWOOD CREEK SUB FIL NO 1 COLO SPGS
Beds
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Bedrooms Total:3
Baths
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Total Baths:4
Heating & Cooling
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Heating:Forced Air, Natural Gas
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Cooling:Air Conditioning-Room
Utilities
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Utilities:Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer
Schools
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Elementary School:Pioneer
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Elementary School District:Academy 20
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Middle Or Junior School:Mountain Ridge
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Middle Or Junior School District:Academy 20
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High School:Rampart
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High School District:Academy 20
The Community
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Subdivision Name:Cottonwood Creek
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Association Amenities:Clubhouse, Parking, Pool, Tennis Court(s)
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Senior Community:false
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Pool Features:Outdoor Pool
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Pets Allowed:Yes
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Association:true
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Association Name:Cottonwood Creek Townhome Assocation
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Association Fee:340
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Association Fee Includes:Irrigation, Maintenance Grounds, Maintenance Structure, Road Maintenance, Sewer, Snow Removal, Trash, Water
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Association Fee Total Annual:4080.00
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Association Fee Annual:4080.00
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Association Fee Frequency:Monthly
Parking
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Parking Total:2
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Parking Features:Concrete, Dry Walled, Insulated Garage, Lighted
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Attached Garage:true
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Garage Spaces:2
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).