Colorado Springs, CO 80917

Pending
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Presented By: Cushman & Wakefield; Nic.Polaski@cushwake.com,719-238-9074
  • MLS# 7196138
  • 02/20/2025
  • Request Tour
  • Request Info
  • Beds • 10
  • Baths • 4
  • SQFT • 3,668
  • Garage • 6

Home Details

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.
Presented By: Cushman & Wakefield; Nic.Polaski@cushwake.com,719-238-9074

Interior Features for

Bedrooms

Total Bedrooms10

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area3668
Air Conditioning Y/NNo
Fireplace Features2+ Fireplaces
Fireplace Y/NYes
Heating Y/NYes

General for

Attached Garage No
CityColorado Springs
Construction MaterialsWood Siding
CountyEl Paso
Elementary SchoolRudy
ExclusionsN/A
Garage Spaces6
Garage Y/NYes
HOANo
HeatingBaseboard
High SchoolMitchell
High School DistrictColorado Springs 11
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet11100
Lot Size UnitsSquare Feet
MLS AreaOut of Area
Middle/Junior High SchoolSabin
New ConstructionNo
Number Of Units Total4
Other StructuresOutbuildings
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofFiberglass
Senior Community Y/NNo
SewerOther Water/Sewer, Community
Standard StatusPending
StatusPending
Stories2
Subdivision NamePalmer Park
Tax Annual Amount2478
Tax Year2024
Waterfront Y/NNo
Year Built1975

Exterior for

Building Area Total3668
Covered Spaces6
Horse Y/NNo
Lot Size Acres0.25
Lot Size Area11100
SpaNo
Water SourceOther Water/Sewer

Additional Details

Price History

Schools

Middle School Sabin Middle School
High School Mitchell High School
Elementary School Rudy Elementary School

Jon Holsten

Price $775,000
MLS#7196138
List Date 02/20/2025
Property Type Pending
Phone 970.237.2752
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Request Info
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