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8220 W US Highway 24 Cascade, CO 80809
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,754 sqft
Price per Sqft $290
Subdivision Guier
MLS Listing ID 6707316
Bedrooms 8
Year Built 1955
Lot Size 2.000 Acres
Property Sub-Type Quadruplex
Property Description
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.
Location
State CO
County El Paso
Zoning R-T
Interior
Heating Natural Gas, Wall Furnace
Cooling Attic Fan
Flooring Vinyl
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
Building
Lot Description Foothills
Story One
Sewer Septic Tank
Water Public
Schools
School District Elementary: Manitou Springs 14, Middle/Junior: Manitou Springs 14, High: Manitou Springs 14
Others
Special Listing Condition None Known
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