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William Watson

bill@watsonrg.com +1(720) 463-0002

$840,000

Est. payment - /mo

4,708 SqFt

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,708 sqft

Price per Sqft $178

MLS Listing ID 7536806

HOA Y/N No

Year Built 1952

Annual Tax Amount $4,366

Tax Year 2024

Property Sub-Type Multi Family

Source recolorado

Property Description

Offered for sale is a well-located multifamily asset at 624 Prairie Rd in the heart of Colorado Springs, CO. This property consists of two buildings totaling approximately 4,708 square feet of rentable space, situated on an 11,250 square foot lot. Built in 1952, the buildings feature stucco exterior construction with pitched composition shingle roofs and a two-story configuration. The unit mix includes a total of eight units, comprised of six one-bedroom, one-bath units and two two bedroom, one-bath units. The property also includes one garage parking space.

624 Prairie Rd is situated just a few blocks from the U.S. Olympic Training Center and Boulder Park, offering tenants access to outdoor recreation, green space, and one of the city's most prominent athletic landmarks. This proximity enhances both tenant desirability and long-term investment appeal. With solid in-place fundamentals and room for operational upside, this asset presents a compelling opportunity for investors seeking stable returns and value-add potential in a strong rental submarket of Colorado Springs.

Location

State CO

County El Paso

Zoning R-2

Interior

Fireplace N

Exterior

Roof Type Composition

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Unique Properties LLC

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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624 Prairie RD Colorado Springs, CO 80909