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$625,000
Est. payment /mo
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Zebulon Sub
MLS Listing ID 8460637
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,404
Year Built 1984
Annual Tax Amount $1,735
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
1845 Zebulon Drive is a well-maintained quadplex located in the Southeast area of Colorado Springs. Built in 1984, this multi-family property sits on approximately 0.3 acres and offers a strong value-add opportunity for investors. Each of the four units is roughly 800 square feet and includes two bedrooms and one bathroom. The interiors feature hardwood flooring, walk-in closets, and functional kitchens equipped with a dishwasher, refrigerator, and disposal. Additional comforts include forced air heating, central air conditioning, and aesthetic fireplaces in the living areas.
The building's exterior is professionally xeriscaped, promoting low-maintenance landscaping and water conservation. A shared coin-operated laundry area is conveniently located just outside the units, and off-street parking is available for tenants. The owner currently covers water, sewer, and trash services, helping reduce tenant turnover and contributing to operational efficiency.
Located close to major military installations like Fort Carson and Peterson Air Force Base, the property is ideally situated to attract military tenants. It's also near local schools and has easy access to public transportation and major roadways. With thoughtful upgrades and professional management, 1845 Zebulon Drive presents a compelling investment opportunity in a growing submarket of Colorado Springs.
The building's exterior is professionally xeriscaped, promoting low-maintenance landscaping and water conservation. A shared coin-operated laundry area is conveniently located just outside the units, and off-street parking is available for tenants. The owner currently covers water, sewer, and trash services, helping reduce tenant turnover and contributing to operational efficiency.
Located close to major military installations like Fort Carson and Peterson Air Force Base, the property is ideally situated to attract military tenants. It's also near local schools and has easy access to public transportation and major roadways. With thoughtful upgrades and professional management, 1845 Zebulon Drive presents a compelling investment opportunity in a growing submarket of Colorado Springs.
Location
State CO
County El Paso
Zoning R5 AO
Interior
Heating Natural Gas
Cooling Air Conditioning-Room
Fireplace N
Exterior
Roof Type Other
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Wood Siding
Schools
Elementary Schools Centennial
Middle Schools Carmel
High Schools Sierra High
School District Harrison 2
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.