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… Read More 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. Read Less
Courtesy of Nic Polaski, Cushman & Wakefield, [email protected],719-238-9074.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Income Property
Square Ft.
3,668
Lot Size
0.25 Acres
Year Built
1975
MLS Number
7196138
30 Days Snapshot Of 80917
$468k
+28%
(avg) sold price
5
-37%
homes sold
70
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Above Grade Finished Area: 3668, Building Area Total: 3668, Construction Materials: "Wood Siding", Total Sq Ft: 3668, Levels: "Two", Living Area: 3668, Living Area Source: Assessor, Living Area Units: Square Feet, Stories: 2, Year Built: 1975
Garage
Covered Spaces: 6, Garage Spaces: 6, Garage YN: t, Garage Type: Off Street
Fireplaces
Fireplace Features: "2+ Fireplaces", Fireplace YN: t
Heating
Heating: "Baseboard", Heating YN: t
Unit One
Bedrooms Unit 1: 3, Est Sq Ft Unit 1: 984, Total Baths Unit 1: 1
Unit Two
Bedrooms Unit 2: 2, Est Sq Ft Unit 2: 850, Number 2 Bedroom Units: 2, Total Baths Unit 2: 1
Property
Crops: None, Property Condition: "Not New, Previously Owned", Property Sub Type: Income Property, Property Type: Residential Income
Taxes
Has Metro Tax District: No, Tax Annual Amount: 2478, Tax Year: 2024
Water Features
Has Water Rights: No, Water Source: "Other Water/Sewer"
Unit Three
Number 3 Bedroom Units: 2
Lot
Lot Size Acres: 0.25, Lot Size Area: 11100, Lot Size Square Feet: 11100, Lot Size Units: Square Feet
Miscellaneous
Other Structures: "Outbuildings"
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