1020 Chiricahua Loop, Colorado Springs, CO 80915

$595,000
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New to the Market Active
BEDS0 BATHS0.0 MLS#2987656
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCimarron Hills

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.

1020 Chiricahua Loop | MLS# 2987656

This multi-family property located at 1020 Chiricahua Loop, Colorado Springs, CO 80915 is currently listed for sale with an asking price of $595,000. Search Colorado Springs real estate on kduddridge.thecuttingedgerealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Fireplaces: None
Home Style: Fourplex
Lot Size: 0.23 Acres
Roof Type: Composite Shingle
Taxes: $3,278
Year Built: 1973

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Basement/Foundation: Garden Level
Existing Utilities: Electricity Connected, Natural Gas Connected
Exterior: Brick, Masonite Type
Laundry Facilities: Coin, Common
Parking Spaces: 8
Units: 4
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: HomeSmart
Agency Phone: 719-634-8761

Shown By

Agent Name: Kaitlyn Duddridge
Agent Phone: (417) 372-3561
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 3,377.52 per month $2,930.81 Principal & Interest $273.17 Property Tax $173.54 Homeowner's Insurance

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Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

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