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Buy a multi-family propertyat 1113 E Cimarron St, Colorado Springs, CO 80910

$535,000

$0/mo

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Multifamily

1,400 Sq. Ft.

4,950 Sq. Ft. lot

321 Days on market

1703835 MLS ID

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About 1113 E Cimarron St multi-family property

*** SELLER IS OFFERING A SELLER PAID, 2-1 BUY-DOWN **** PLEASE ASK FOR DETAILS! Occupied Duplex in Prospect neighborhood near Memorial Park and Prospect Lake. Desirable location convenient to downtown and the new Switchback Stadium! Fully leased, each unit has a washer / dryer. Nicely finished with Granite, linoleum, Tile, Vinyl, carpet and nice appliances for your tenants. Both units are occupied. ***Available to show AFTER accepted contract ***
*** SELLER IS OFFERING A SELLER PAID, 2-1 BUY-DOWN **** PLEASE ASK FOR DETAILS! Occupied Duplex in Prospect neighborhood near Memorial Park and Prospect Lake. Desirable location convenient to downtown and the new Switchback Stadium! Fully leased, each unit has a washer / dryer. Nicely finished with Granite, linoleum, Tile, Vinyl, carpet and nice appliances for your tenants. Both units are occupied. ***Available to show AFTER accepted contract ***

Property details

Building

Above Grade Finished Area: 1400

Below Grade Finished Area: 240

Building Area Total: 1640

Construction Materials: "Wood/Frame", "Stucco"

Lower Sq Ft: 240

Total Sq Ft: 1640

Levels: "Two"

Living Area: 1400

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 2

Structure Type: "Duplex"

Year Built: 1915

Appliances & Equipment

Appliances: "Dishwasher", "Washer", "Dryer", "Microwave"

Basement

Basement: "Partial"

Bathrooms

Bathrooms Total Integer: 2

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Bedrooms

Bedrooms Total: 3

Location

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.826

Longitude: -104.803459

MLS Area Major: Out of Area

Postal Code: 80910

State Or Province: CO

Street Dir Prefix: E

Street Name: Cimarron

Street Number: 1113

Street Suffix: St

Subdivision Name: Prospect

Unparsed Address: 1113 E Cimarron St Colorado Springs CO 80910

Garage

Covered Spaces: 2

Garage Spaces: 2

Garage YN: t

Garage Type: Off Street

Utilities

Electric: "Electric", "Master Meter-Electric"

Gas: "Natural Gas", "Master Meter-Gas"

Is Water Meter Installed: Yes

Utilities: "Natural Gas Available", "Electricity Available"

Schools

Elementary School: Hunt

High School: Palmer

High School District: Colorado Springs 11

Middle Or Junior School: Galileo

Fence

Fencing: "Partial"

Fireplaces

Fireplace Features: "None"

Income

Gross Income: 33000

Net Operating Income: 29337

Heating

Heating: "Forced Air"

Heating YN: t

Unit One

Bedrooms Unit 1: 2

Number 1 Bedroom Units: 1

Number Of Units Unit 1: 1

Rent Unit 1: $1,650

Total Baths Unit 1: 1

Unit Two

Bedrooms Unit 2: 1

Number 2 Bedroom Units: 1

Number Of Units Unit 2: 1

Rent Unit 2: $1,100

Total Baths Unit 2: 1

Property

Crops: None

Property Attached YN: t

Property Condition: "Not New, Previously Owned"

Property Sub Type: Attached Dwelling

Property Type: Residential Income

Taxes

Has Metro Tax District: No

Tax Annual Amount: 1115

Tax Year: 2022

Water Features

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 326.22

Listing Id: 1703835

Listing Terms: "Cash", "Conventional", "1031 Exchange"

List Price: 535000

Mls Status: Active

Number Of Units Total: 2

Special Listing Conditions: "Private Owner"

Standard Status: Active

Lot

Lot Size Acres: 0.11

Lot Size Area: 4950

Lot Size Square Feet: 4950

Lot Size Units: Square Feet

Expenses

Operating Expense: 3663

Parking

Other Parking: Parking Per Unit(1 Space/Unit)

Tenant Pays

Tenant Pays: "Gas", "Electricity", "Water", "Exterior Maintenance", "Trash Collection"

Monthly cost

Estimated monthly cost

$3,298/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$502,900

+$16,050

$518,950

Seller agent commission$16,050 (3%)*

$0 (0%)

Buyer agent commission$16,050 (3%)*

$16,050 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $16,050 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: Apr 24, 2024 at 6:37 p.m.

Data updated: Jul 26, 2023 at 5:44 a.m.

Courtesy of Michael Tilley, TRADEWIND REAL ESTATE LLC 970-568-8162
This content last updated on 07/26/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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