1728-1730 Armstrong Ave, Colorado Springs, CO 80904

Property Description

This charming 4-plex property is fully occupied and is a great chance for investors and/or homeowner occupants to generate income. With a great mix of two-bedroom and one-bedroom units, this property appeals to a variety of prospective tenants, translating to stable income for the investor. The 4-plex comes with a two-car garage and two storage sheds, features that are unique for most 4-plex properties. The garage and storage sheds could generate additional income for the savvy investor, once the current leases expire. The property's unit-layout is highly functional for tenant living spaces. The 4-plex and garage have new paint as of January, 2025 and the property's front elevation has had recent landscaping upgrades as of fall, 2024. Conveniently located, the property is within walking distance to shopping for tenants. Old Colorado City is also nearby for enjoyment of leisurely shopping and quaint eateries. The property is within 4 minutes or 1.8 miles from Colorado College. It is also within a short driving distance to Ft. Carson, Pikes Peak State College, Downtown and Colorado Technical University. The property will need a new roof, which is reflected in the current pricing of the building. There is a history of repairs in 2016, in 2021, and in 2024 to address foundation and drainage concerns. Drainage improvements and two sump pumps have been added previously. Documentation of the repairs in Seller's possession are provided upon request.