3960 Stonedike DR new to site Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80907
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $191
Subdivision Holland Park
MLS Listing ID 3598101
Style Contemporary
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,400
Year Built 1980
Annual Tax Amount $2,492
Tax Year 2024
Lot Size 9,240 Sqft
Acres 0.21
Property Sub-Type Quadruplex
Source recolorado
Property Description
***Incredible Investment Opportunity***3960 Stonedike Drive in Colorado Springs, Colorado, represents a compelling opportunity to acquire a stabilized multifamily asset in one of the state's most dynamic rental markets. This well positioned property offers four spacious 2 Bed/1 Bath units featuring updated windows, functional layouts, and on-site laundry facility. Strategically located near key employment hubs, major transportation corridors, and retail centers, the property benefits from strong renter demand and minimal vacancy risk. The surrounding neighborhood continues to experience robust population and economic growth, supporting consistent rent appreciation and long-term value stability. This asset provides investors with a reliable income stream and potential for continued rent growth, supported by the region's constrained housing supply and downward trending occupancy rates. With no need for professional management and limited near-term capital needs, 3960 Stonedike Drive offers both operational efficiency and scalability within a resilient submarket. The property's strong fundamentals, attractive location, and positive market outlook make it an ideal acquisition for investors seeking a secure, cash-flowing multifamily investment in the Colorado Springs market.
Location
State CO
County El Paso
Zoning R5
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard
Cooling None
Flooring Carpet,Vinyl
Fireplaces Number 4
Fireplace Y
Appliance Cooktop,Dishwasher,Range,Refrigerator
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Parking Features Asphalt
Fence Partial
View Mountain(s)
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories Bi-Level
Structure Type Stucco
Schools
Elementary Schools Jackson
Middle Schools Holmes
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None