Homes for sale - 4995 Picturesque, Colorado Springs, CO 80917

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Bill Watson

bill@watsonrg.com +1(303) 842-0836

$775,000

Est. payment - /mo

10 Beds

4 Baths

3,668 SqFt

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UPDATED:

02/21/2025 12:40 AM

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,668 sqft

Price per Sqft $211

Subdivision Palmer Park

MLS Listing ID 7196138

Bedrooms 10

HOA Y/N No

Abv Grd Liv Area 3,668

Originating Board recolorado

Year Built 1975

Annual Tax Amount $2,478

Tax Year 2024

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Quadplex

Property Description

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.

Location

State CO

County El Paso

Interior

Heating Baseboard

Cooling Other

Fireplaces Number 4

Fireplace Y

Exterior

Roof Type Architecural Shingle

Total Parking Spaces 6

Garage No

Building

Sewer Community Sewer

Level or Stories Two

Structure Type Wood Siding

Schools

Elementary Schools Rudy

Middle Schools Sabin

High Schools Mitchell

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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Listed by Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 842-0836

bill@watsonrg.com

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4995 Picturesque Colorado Springs, CO 80917