About 1850 Monterey Road
Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.
Features of 1850 Monterey Road
| MLS® # | 1922433 |
|---|---|
| Price | $475,000 |
| Sold Price | $590,000 |
| Sold Date | 2025-05-02 |
| Bathrooms | 0.00 |
| Square Footage | 4,016 |
| Acres | 0.23 |
| Year Built | 1984 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
Community Information
| Address | 1850 Monterey Road |
|---|---|
| Subdivision | Shenandoah |
| City | Colorado Springs |
| County | El Paso |
| State | CO |
| Zip Code | 80910 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Parking Spaces | 12 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Stories | Two |
Exterior
| Roof | Composition |
|---|
School Information
| District | Harrison 2 |
|---|---|
| Elementary | Pikes Peak |
| Middle | Carmel |
| High | Harrison |
Additional Information
| Date Listed | January 30th, 2025 |
|---|---|
| Zoning | R5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Finch & Gable Real Estate Company |
|---|---|
| Contact |