1065 Magnolia Colorado Springs, CO 80907
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,348 sqft
Subdivision Cragmoor
MLS Listing ID IRE3901521
Style Contemporary
HOA Y/N No
Year Built 1971
Annual Tax Amount $2,315
Tax Year 2025
Source ires
Property Description
The best-looking 4-plex in the neighborhood, with 2 of 4 units recently renovated and excellent tenants in place. This property has been carefully maintained, painted, and improved by an owner who takes pride in his properties. The seller has also successfully bought, improved, and sold another multifamily property directly across the street.
Two units feature new waterproof laminate flooring and updated black-tile shower surrounds, while the other two are in solid condition. Rents have been improved, with additional upside remaining. One unit is month-to-month.
On-site laundry provides additional income without collecting quarters.
Due-diligence docs including rent roll, insurance info, utility history, and plumbing receipts.
For Sale By Owner / Flat Fee Listing: Seller is open to creative financing, seller concessions, or mortgage rate buydown options and will assist with the transition for the first 90 days. Seller is also open to being retained as an employee or management resource to assist with showings and maintenance help.
Tenants reside at this property, please call text or email seller Zach Warner @ 719-347-8844 or warner.zach.p@gmail.com
Location
State CO
County El Paso
Community Cragmoor
Area Out Of Area
Zoning R-4
Interior
Heating Baseboard
Exterior
Exterior Feature Balcony
Parking Features Off Street
Garage Spaces 6.0
View Y/N Yes
View City
Roof Type Rubber
Porch Deck
Garage Yes
Building
Sewer Public Sewer
Water City
Architectural Style Contemporary
Level or Stories Two
Structure Type Frame,Stucco,Wood Siding
New Construction false
Schools
Elementary Schools Edison
Middle Schools Mann
High Schools Colorado Springs 11
School District Colorado Springs 11
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Private Owner
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