$650,000
$679,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
3681 Michigan AVE Colorado Springs, CO 80910
7,800 Sqft Lot
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 9217803
Sold Date 09/17/25
Construction Status Existing
HOA Y/N No
Year Built 1969
Annual Tax Amount $1,868
Tax Year 2024
Lot Size 7,800 Sqft
Property Sub-Type Fourplex
Property Description
Well-Maintained 4-Unit Investment Property with Strong Rental History
This fully leased 4-unit complex offers a solid investment opportunity with stable, long-term tenants—no vacancies over the past three years. Each lease has been recently renewed, ensuring continued cash flow. Three of the four units have been thoughtfully renovated and feature updated appliances for modern living.
Additional amenities include two dedicated storage units per apartment, providing valuable extra space. All utilities are billed back to tenants, maximizing net operating income. There is also a Common Storage are and Coin operated Laundry area.
Ideally located near the Amazon Distribution Center and Fort Carson, the property offers convenient access to major employment hubs—making it highly attractive to renters.
Location
State CO
County El Paso
Area Park Hill
Interior
Cooling None
Laundry None
Exterior
Garage Spaces 6.0
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected
Building
Water Municipal
Structure Type Framed on Lot
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Not Applicable
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