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.

Listing Office: Finch & Gable Real Estate Company

Essential Information

MLS® #1922433
Price$475,000
Bathrooms0.00
Square Footage4,016
Acres0.23
Year Built1984
TypeResidential Income
Sub-TypeQuadplex
StatusPending

Community Information

Address1850 Monterey Road
SubdivisionShenandoah
CityColorado Springs
CountyEl Paso
StateCO
Zip Code80910

Amenities

Parking Spaces12

Utilities

Electricity Connected, Natural Gas Connected

Interior

HeatingForced Air, Natural Gas
CoolingNone
StoriesTwo

Exterior

RoofComposition

School Information

DistrictHarrison 2
ElementaryPikes Peak
MiddleCarmel
HighHarrison

Additional Information

Date ListedJanuary 30th, 2025
ZoningR5

Listing Details

Office Contactteam@finchandgable.com

Finch & Gable Real Estate Company

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Listing information last updated on April 22nd, 2025 at 4:19pm MDT.

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1850 Monterey Road, Colorado Springs, CO – $475,000

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