Active
4995 Picturesque
Colorado Springs CO, 80917
$775,000
$211.29 per sqft
Active
10 Beds
4 Baths
3,668 sqft
Multi-family
Built in 1975
INVESTMENT OPPORTUNITY YOU DONT WANT TO MISS! Cushman & Wakefield is pleased to present 4995 Picturesque Circle, a 4-unit multifamily property in a high rental demand area near the Powers Blvd corridor in Colorado Springs. The property consists of (2) 2-bed/1-bath units and (2) 3-bed/1-bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, and well cared for by current owner. Potential buyers have the operational value add of getting all units up to market rent and continuing light improvements on the property as leases turn.
This location provides residents access to major employers along the N Powers Blvd Corridor, schools, and North Academy Blvd. Its prime location, near shopping amenities, dining & entertainment, provides a solid foundation for attracting and retaining quality long-term tenants. Palmer Park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features, and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The current rent roll provides consistent and predictable in-place returns, allowing potential buyers an opportunity to acquire a high performing asset.
7196138
MLSⓇ ID
February 21, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
4
Fireplace
Yes
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.25 Acres
Roof
Architecural Shingle
Sewer
Community Sewer
School Information
School District
Colorado Springs 11
High School
Mitchell
Elementary School
Rudy
Other Property Details
Taxes
$2,478
Tax Frequency
Annually
Garage
No
Parking Total
6
View
No
County
El Paso
Pool
No
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Data last updated 1:12 AM UTC, 2/21/2025
