8220 W US Highway 24
Multi-Family $ 815,000

8220 W US Highway 24

Cascade, CO 80809

  • 8 Beds
  • 4 Baths
  • 2,754 SqFt
  • 2 Lot Size
  • 1955 Year Built
Rare Ute Pass income play on 2 usable acres between Woodland Park and Colorado Springs - a fully-occupied 1955 fourplex with a 5+ year near-zero-vacancy track record and real capital already in the ground: upgraded electrical, all-new windows, and two turnkey-remodeled units (new kitchens, LVP flooring, paint, and appliances). Four 2-bed/1-bath units (~689 sf) with gas heat, gas ranges, refrigerators, and in-unit washer hookups; shared dryer, bear-proof trash, and a utility shed on the grounds. Lean operating profile - tenants cover electric, gas, and water; owner carries trash only. Unincorporated El Paso County has no short-term-rental permit requirement (buyer to verify) - pair that with two already-renovated units, a private drive, abundant parking, mountain views, and national-forest access, and the property reads as a compelling STR / mid-term-rental conversion or owner-occupant house-hack (FHA/VA financing possible on a 2-4 unit). Three of four units month-to-month by August leave clear mark-to-market and pet-premium upside. Financials, rent roll, and a short-term-rental analysis available to qualified buyers.
Listed by Call It Closed International Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active Under Contract

    Purchase Type For Sale

    Square Footage 2, 754 sqft

    Price per Sqft $295

    Subdivision Guier

    MLS Listing ID 6707316

    Bedrooms 8

    HOA Y/N No

    Year Built 1955

    Lot Size 2.000 Acres

    Acres 2.0

    Property Sub-Type Quadruplex

  • Location

    State CO

    County El Paso

    Zoning R-T

  • Building

    Lot Description Foothills

    Story One

    Sewer Septic Tank

    Water Public

  • Interior

    Heating Natural Gas, Wall Furnace

    Cooling Attic Fan

    Flooring Vinyl

    Appliance Range, Refrigerator

    Laundry Common Area

  • Exterior

    Exterior Feature Balcony

    Fence None

    Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected

    Waterfront Description Public

    View Mountain(s)

    Roof Type Other

    Porch Covered, Front Porch

    Private Pool No

  • Schools

    School District Elementary: Manitou Springs 14, Middle/Junior: Manitou Springs 14, High: Manitou Springs 14

  • Others

    Senior Community No

    Tax ID 83232-00-042

    Special Listing Condition None Known

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