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$ 625,000
Est. payment | /mo
3,536 SqFt
$ 625,000
Est. payment | /mo
3,536 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $176
Subdivision Village Seven
MLS Listing ID 8668563
HOA Y/N No
Year Built 1983
Property Sub-Type Quadruplex
Property Description
MMG Real Estate Advisors is pleased to present 5525 Bowden Loop, a 4-unit multifamily property located in the Rustic Hills neighborhood on the east side of Colorado Springs, Colorado — the state's second-largest city, roughly 70 miles south of Denver. Situated just off Palmer Park Boulevard and Space Center Drive along the Powers Boulevard / Academy Boulevard retail corridor, the property offers a small-scale, turnkey value-add opportunity in a supply-constrained workforce-housing submarket. With one unit already turned and achieving proven rent premiums, incoming ownership can capture significant loss-to lease recapture by systematically upgrading the property's remaining classic units.
Location
State CO
County El Paso
Zoning PDZ AO
Interior
Heating Floor Furnace
Cooling Other
Exterior
Roof Type Unknown
Private Pool No
Building
Story Two
Sewer Public Sewer
Schools
School District Elementary: Academy 20, Middle/Junior: Academy 20, High: Academy 20
Others
Senior Community No
Tax ID 64014-01-029
Special Listing Condition None Known
Virtual Tour https://www.zillow.com/view-imx/d106f39e-f0d4-49e7-844b-7324efbb1d0a?setAttribution=mls&wl=true&initialViewType=pano
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMMGREA LLC