1 of 49

Want to see similar homes for sale?

4230 Forrest Hill Rd

Colorado Springs, CO 80907

8 beds
4 baths
2,808 sqft
8,025 sqft lot
$254 per sqft
1970 build
– on site

More homes

Don't miss out on this incredible investment opportunity in the highly sought-after west-side neighborhood of Holland Park. This cute and updated 4-plex income property is now available for sale. Three out of the four units are rented, making it a turnkey investment. This 4-plex offers a total of 2,808 square feet and was built in 1970, ensuring solid construction and lasting quality. Your tenants will appreciate the ample parking space both in the back and on the street. Clear assigned parking placards are included, ensuring convenience for all residents. Unit Features: Each of the four units offers 2 bedrooms and 1 full bath, as well as a good-sized living room and an open kitchen. Many of the units have received updates to their kitchens and bathrooms, ensuring a modern and comfortable living experience. The property boasts vinyl windows, a newer composite shingle roof, and a near-new boiler system, saving you on maintenance costs. Ceiling fans provide added comfort, and all kitchen appliances are included, making it an attractive rental option. Tenants pay for all utilities, which simplifies the property management process. The common laundry room with a clothes washer and dryer is included with the rent but can also serve as an additional income source for the owner. This property is ideally situated on the west side, making it a highly desirable location. Residents have easy access to prominent landmarks such as Garden of the Gods, Old Colorado City, Downtown Colorado Springs, the UCCS campus, and I-25, which offers convenient travel options to both the north and south. Whether you're a seasoned investor or just starting in the real estate market, this 4-plex offers both stability and growth potential. The strong rental history and well-maintained features make it a must-see property. Contact us today to seize this amazing investment opportunity in Holland Park before it's gone!

Listing courtesy of IRES

Last checked: Checking… • Last updated Aug 20, 2024 •

MLS# 8426922 —

The Building

Year Built:

1970
New Construction:

false
Construction Materials:

Brick/Brick Veneer
# of Units Total:

4
Building Area Total:

2808
Total SqFt:

2808
Roof:

Composition
Foundation Details:

Slab
Basement:

Walk-Out Access
Levels:

Two
Stories:

2
Patio And Porch Features:

Deck
Above Grade Finished Area:

2808

Interior

Fireplace:

false
Fireplace Features:

None
Laundry Features:

Common Area

Room Dimensions

Living Area:

2808
Living Area Units:

Square Feet
Living Area Source:

Assessor

Financial & Terms

Tenant Pays:

Gas
Listing Terms:

Cash

Location

Directions:

Garden of the Gods West to Forrest Hill South follow down and around to property on the right.
Coordinates:

-104.844551, 38.894474
Latitude:

38.894474
Longitude:

-104.844551

The Property

Property Type:

Residential Income
Property Subtype:

Income Property
Lot Size Acres:

0.18
Lot Size SqFt:

8025
Lot Size Area:

8025
Lot Size Units:

Square Feet
Zoning:

R4
Exclusions:

tenants personal belongings
Horse:

false
Water Source:

City Water
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

1888

Beds

Bedrooms Total:

8

Baths

Total Baths:

4

The Listing

Heating & Cooling

Heating:

Hot Water
Heating:

true
Cooling:

Room Air Conditioner
Cooling:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas
Electric:

Electric
Sewer:

City Sewer

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Jackson
Middle Or Junior School:

Holmes
High School:

Coronado
High School District:

Colorado Springs 11

The Community

Subdivision Name:

Holland Park
Senior Community:

false
Spa:

false
Association:

false

Parking

Garage:

true
Attached Garage:

false
Garage Type:

Reserved
Garage Spaces:

7
Covered Spaces:

7
Other Parking:

Parking Per Unit(1.5 Spaces/Unit)

Extra Units

Bedrooms Unit 1:

2
Total Baths Unit 1:

1
Bedrooms Unit 2:

2
Total Baths Unit 2:

1
Bedrooms Unit 3:

2
Total Baths Unit 3:

1
Bedrooms Unit 4:

2
Total Baths Unit 4:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/8/24 Mar 8, 2024	Sold	IRES	$715,000	-7.7%
2/12/24 Feb 12, 2024	Pending	IRES	$775,000
1/31/24 Jan 31, 2024	Price Changed	IRES	$775,000	-3.1%

Multifamily Sold on 3/8/2024

$715,000

Listing provided by broker:

Jeanne Guischard

jeanne@coloradohomerealty.com,719-440-2872

Newest listings in Colorado Springs, CO

Similar sold homes

Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS

4230 Forrest Hill Rd

Colorado Springs, CO 80907