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+17209495525
You 1st Realty
1025 Magnolia St, Colorado Springs, CO 80907
- $695,000
- 8
- BD
- 4
- BA
- 3,282
- SqFt
Listing courtesy of Nathan Crumb.
nathancrumb@kw.com,303-999-9625
- List Price
- $695,000
- Status
- ACTIVE
- MLS#
- 6746365
- Subtype
- Residential Income
- Style
- Contemporary
- Year Built
- 1971
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,282
- Acres
- 0.19
- Subdivision
- Crestmoor Park
- MLS Area Major
- Out of Area
Property Description
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.
Additional Information
- Interior Features
- Eat-In Kitchen, Open Floor Plan, Walk-In Closet(s)
- Taxes
- $2,302
- Property Description
- Contemporary
- Zoning
- R-4
- Appliances
- Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
- Heating
- Hot Water, Baseboard
- Levels
- Two
- Roof
- Composition
- Parking Features
- Off Street
- Garage Spaces
- 16
- School District
- Colorado Springs 11
- Elementary School
- Edison
- Middle School
- Mann
- High School
- Coronado
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Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.