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$595,000

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9,800 Sqft Lot

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1020 Chiricahua LOOP Colorado Springs, CO 80915

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Metro Brokers Inc

perri.smith@metrobrokerscorp.com +1(720) 704-0606

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2987656

Construction Status Existing

HOA Y/N No

Year Built 1973

Annual Tax Amount $3,278

Tax Year 2024

Lot Size 9,800 Sqft

Property Sub-Type Fourplex

Property Description

Investor-ready 4-Plex with extensive capital improvements! This property has been consistently updated & well maintained by the current owners, unlike many multi-family properties that require immediate repairs or deferred maintenance work. Major building improvements include: New roof, boiler/water heater system, & exterior paint (2025) • New coin-operated washer & dryer (2024) • Replacement windows (2022 & 2024) • New Fence along the back side of the property & steel post reinforcement (2024) • Stair & concrete improvements for the garden-level units (2022) • Large tree removals & exterior maintenance (2022 & 2025) • Sewer line cleaning & camera scoping (2022, 2024 & 2025) • Annual backflow testing & inspections (2022–2025) • Power washing, painted front steps & fresh mulch (2026), The units have also been updated over the past several years: UNIT 1 New fridge, dishwasher & interior paint (2026) • ADA-compliant toilet (2025) • New stove & window replacement (2024) • New carpet & luxury vinyl plank flooring (2021). UNIT 2 • New carpet, LVP flooring, New dishwasher, stove, & fridge (2023), and 1 window replacement (2022). UNIT 3 • New stove & interior paint (2025) • New carpet & LVP flooring (2023) New fridge & dishwasher (2022). UNIT 4 • New stove & fridge, interior paint, carpet, & LVP flooring (2025). The property includes a common coin-operated washer & dryer that provides additional income for the owner & added convenience for tenants. There is ample off-street parking w/ parking areas located in the front & west side of the building, plus additional parking along the east side- 10 parking spaces total. Each apartment features: • 2 bedrooms & 1 bathroom • Spacious eat-in kitchen • Refrigerator, electric range oven, dishwasher, and disposal • Good-sized bedrooms • Coat closet in the living room • Linen closet near the bathroom • Private front patio w/ storage closet. One unit is currently vacant, creating an excellent opportunity for an owner-occupant buyer.

Location

State CO

County El Paso

Area Cimarron Hills

Interior

Cooling None

Fireplaces Number 1

Fireplaces Type None

Laundry Coin, Common

Exterior

Garage Spaces 8.0

Fence Rear

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composite Shingle

Building

Foundation Garden Level

Water Municipal

Structure Type Framed on Lot,Frame

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Special Listing Condition Established Rental History

Virtual Tour https://www.propertypanorama.com/instaview/ppar/2987656

Unit 4

Sqft 810

Beds 2

Baths 1

Rent Price 1200

Occupied Y

Furnished N

Unit 1

Sqft 810

Beds 2

Baths 1

Rent Price 1100

Occupied N

Furnished N

Unit 2

Sqft 810

Beds 2

Baths 1

Rent Price 1200

Occupied Y

Furnished N

Unit 3

Sqft 810

Beds 2

Baths 1

Rent Price 1000

Occupied Y

Furnished N

Listed by HomeSmart

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Metro Brokers Inc

+1(720) 704-0606

1020 Chiricahua LOOP Colorado Springs, CO 80915

Metro Brokers Inc

Key Details

Location

Interior

Exterior

Building

Schools

Others

Unit 4

Unit 1

Unit 2

Unit 3

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1020 Chiricahua LOOP