4319 Lashelle AVE new to site Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80906
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,928 sqft
Price per Sqft $218
Subdivision 80906
MLS Listing ID 3227506
Bedrooms 8
Year Built 1969
Annual Tax Amount $1,959
Tax Year 2024
Lot Size 6,600 Sqft
Property Sub-Type Quadruplex
Property Description
Cushman & Wakefield is pleased to present 4319 Lashelle, a rare opportunity to acquire a fourplex in the heart of Colorado Springs' rapidly appreciating Southside. Nestled just minutes from Fort Carson, major retail corridors, and national grocery chains, this well-positioned property offers both immediate income and long-term upside. This asset benefits from recent capital improvements, including fresh exterior paint and low-maintenance xeriscaping, enhancing curb appeal while reducing ongoing expenses. Each unit is separately metered for electric, and ownership has maintained solid occupancy with long-term tenants. Investors have a clear path to increase value by raising rents to market levels, implementing RUBS for utility reimbursement, and adding coin operated laundry machines to maximize income streams. Off-street parking adds tenant convenience and increases property desirability.
Location
State CO
County El Paso
Zoning RM-30
Interior
Heating Baseboard
Cooling Air Conditioning-Room
Exterior
Fence Full
Roof Type Shingle
Building
Sewer Community Sewer
Structure Type Brick,Wood Siding
Schools
Elementary Schools Stratmoor Hills
Middle Schools Fox Meadow
High Schools Harrison
School District Harrison 2
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None