Colorado Springs, CO 80904 1322 Arch St
$675,000
34 more
Presented By: Lucchesi Property Group; Dan@TotalRealtyAdvisors.com,970-799-5354
Beds • 8
Baths • 4
SQFT • 3,216
Garage • 9
Home Details
Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied $56,461 current gross revenue (Jan 2025, annualized). Limited taxes have helped control operating expenses ($15,860, 2024). Our 2025 Pro Forma Net Operating Income os $40,246 in 2025 yielding a 5.96% cap rate. The property features nine (9) off-street parking spaces and each unit features laundry, individual gas heat and energy efficient heat pump ("mini-split") heating and cooling. Minutes to downtown Colorado Springs, close to recreation, dining and shopping. Fully leased with established renters.
New LVP flooring or new carpet in units, mostly updated bathrooms, kitchen improvements, newer appliances, washers and dryers. Newer furnaces and water heaters. Sewer lines to street replaced
Presented By: Lucchesi Property Group; Dan@TotalRealtyAdvisors.com,970-799-5354
Interior Features for 1322 Arch St
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area3216
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
General for 1322 Arch St
AppliancesDishwasher, Refrigerator
Architectural StyleContemporary/Modern
Attached Garage No
Cap Rate5.96
CityColorado Springs
Construction MaterialsWood/Frame, Stucco
CoolingRoom Air Conditioner
CountyEl Paso
ElectricElectric, Separate Meter Electricity
Elementary SchoolMidland
ExclusionsAll tenant owned personal property and appliances.
Facing DirectionSouth
Garage Spaces9
Garage Y/NYes
Gas Y/NSeparate Meter Gas
Gross Income46970
HOANo
HeatingForced Air, Heat Pump
High SchoolCoronado
High School DistrictColorado Springs 11
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet8520
Lot Size UnitsSquare Feet
MLS AreaOut of Area
Middle/Junior High SchoolWest
Net Operating Income31110
New ConstructionNo
Number Of Units Total4
Operating Expense15860
Patio/Porch FeaturesDeck
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameSouth Colorado City & Calvert Heights
Tax Annual Amount2036
Tax Year2023
Tenant PaysGas, Electricity
UtilitiesElectricity Available, Cable Available
ViewMountain(s)
Year Built1973
ZoningR2
Exterior for 1322 Arch St
Building Area Total3216
Covered Spaces9
Foundation DetailsSlab
Horse Y/NNo
Lot Size Acres0.2
Lot Size Area8520
Other ParkingParking Per Unit(2 Spaces/Unit)
SpaNo
Water SourceCity Water
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Midland Elementary School
High School
Coronado High School
Middle School
West Middle School
