Homes for sale - 2115 Preuss RD, Colorado Springs, CO 80910

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Jason Shiri

LPT Realty

team@cohomesold.com +1(720) 490-7720

$790,000

Est. payment - /mo

9,270 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Prospect Park

MLS Listing ID 9943254

HOA Y/N No

Abv Grd Liv Area 3,573

Year Built 1969

Annual Tax Amount $1,567

Tax Year 2024

Lot Size 9,270 Sqft

Acres 0.21

Property Sub-Type Quadruplex

Source recolorado

Property Description

2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two-bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades, including new windows, a refreshed painted exterior, and a perimeter fence. Additional enhancements in 2025 include an electric panel replacement, a newly paved driveway, sidewalk, and patio area, as well as xeriscaping for improved curb appeal and low-maintenance landscaping. This property also comes equipped with a wireless security camera system. Each unit offers additional storage units for personalized comfort. With its prime location, 2115 Preuss Rd presents a turnkey investment opportunity with immediate cash flow. This property offers a 8.58% cap rate and 12.72% cash-on-cash return!

Location

State CO

County El Paso

Zoning R5

Interior

Heating Baseboard

Cooling None

Flooring Vinyl

Fireplace N

Laundry Common Area

Exterior

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco

Schools

Elementary Schools Hunt

Middle Schools Academy For Advanced And Creative Learning

High Schools Palmer

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition None

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Listed by Unique Properties LLC

Q U I C K S E A R C H

2115 Preuss RD Colorado Springs, CO 80910