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1025 Magnolia St

Colorado Springs CO 80907

8
4
8
3282 sq. ft.
0.19 ac.
Other
Currently for sale - view listing

Overview

Welcome to a turnkey income property at 1025 Magnolia Street, a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and holds up in person. The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents. Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing.

Features

8 bedrooms
4 bathrooms
8 carspaces
8 garage spaces
3282 sq. ft. floor area
0.19 ac. lot size
Other

Property history for 1025 Magnolia St

2015
Sold
$200,000
15 May 2015 by Dave Kaercher
2013
Sold
$248,000
24 Jul 2013

Happy sellers in Colorado Springs

90%
90% of sellers in Colorado Springs reported that their sale price either exceeded or met their price expectations.

Colorado Springs stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Colorado Springs over the last 12 months.

Local market activity for 8 bedroom other properties in Colorado Springs

In the last 12 months, 2 eight-bedroom other properties similar to 1025 Magnolia St, have been sold.

This represents a 100% decrease in eight-bedroom other properties sales when compared to the previous 12 months.

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