Brishen Combs Colorado Springs, CO REALTOR Residential Realtor Sellers & Buyers, Luxury properties, Military Buyers, New Builds, multi-plex, Investment Properties
Just Listed
Address
6450 Chippewa, Colorado Springs, CO
Price
$ 675,000
Property Attributes
  • MLS#9400756
  • TypeMulti-Family
  • CountyEL PASO
  • CityColorado Springs
  • NeighborhoodCimarron Hills
  • Zip80915
  • StyleQuadruplex
  • Year Built1972
  • Taxes$ 2761
  • Price$ 675,000
  • Bedrooms10
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3676
  • Lot Size10,019 SqFt
Data Source:
REColorado (MTOMLS)
Property Description

Don't miss this one with beautiful Pikes Peak views! This is a chance to own a 4-plex that performs better than most in this price range. With two 3-bedroom units in the unit mix, gross rents are higher than most other 4-plexes on the market and are a value-add for the savvy investor, making a more attractive cap rate more likely! Units have been upgraded to include newer carpet, newer paint, and updated kitchens and baths. Vinyl windows add to the comfort of tenants. Xeriscaping means low water bills and landscape care. Conveniently located to shopping, restaurants, and hospitals along the Powers corridor, residents enjoy ease of living in an area that is conducive to access.

Elementary School Middle School High School
McAuliffe Elementary School Swigert Middle School Mitchell High School
Price History
5/16/2024 Listed $675,000

General Features

Interior Features Ceiling Fan(s),Laminate Counters
Sewer Public Sewer
Heating Baseboard,Hot Water,Natural Gas
Cooling Air Conditioning-Room,Other
Utilities Electricity Connected,Natural Gas Connected
Possession Closing/DOD
Roof Composition,Unknown
Appliances Dishwasher,Disposal,Gas Water Heater
Zoning RM-30 CAD-0
Construction Materials Frame,Wood Siding
Exclusions All Tenants' personal items.
Year Built 1972
Electric 110V
Tenant Pays Electricity
View City,Mountain(s)
Levels Split Entry (Bi-Level)
Property SubType Quadplex
Tax Year 2023
Percent Ownership Individual
OwnerPays Gas,Grounds Care,Insurance,Other,Taxes,Trash Collection,Water
County El Paso
Property Type Residential Income
HOA / Comm Assn No
Attached Garage No
Subdivision Name Cimarron Hills
Facing Direction South
Status Active
Directions From the intersection of Galley Rd. and Hathaway Dr.,take Hathaway Dr. northbound to Chippewa Rd. Property is on the northwest corner of Chippewa Rd. and Hathaway Dr.
High School Mitchell
City Colorado Springs
Senior Community Y/N No
High School District Colorado Springs 11
Lot Size Square Feet 10000
Street Name Chippewa
Listing Terms Cash,Conventional,FHA,VA Loan
Elementary School McAuliffe
Tax Annual Amount 2761
Home Warranty Y/N No
Middle/Junior High School Swigert
Property Condition Updated/Remodeled
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11

Interior Features

Basement Finished,Interior Entry
Flooring Carpet,Tile
Basement (Y/N) Yes
Above Grade Finished Area 1838
Laundry Features Common Area
Total Bedrooms 10
Total Baths 4

Exterior Features

Fencing None
Parking Features Asphalt
Lot Features Landscaped
Water Source Public
Total Parking 6
Lot Size Area 10000
Foundation Details Concrete Perimeter
Building Area Total 3676
Lot Size Acres 0.23
Lot Size Units Square Feet
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 80915

Price
AVG $700K
$680K
Taxes
AVG $1,980
$2,761
Visits
AVG 124
9
Data Provided by Inside Real Estate®
Year Built
AVG 1977
1972

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