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Jon Walker · Walker Asset Management Realty Inc

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Buy a multi-family propertyat 1196 Magnolia St, Colorado Springs, CO 80907

$525,000

$0/mo

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Multifamily

1,982 Sq. Ft.

7,000 Sq. Ft. lot

734 Days on market

1758656 MLS ID

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About 1196 Magnolia St multi-family property

Very nice Duplex near UCCS. Unit B has been totally refurbished to include complete interior paint, Luxury vinal tile through out, New kitchen counters, cabinets and counter. New bath vanities and toilets, New 2 california blinds. Each unit has a private driveway which can accomodate up to 3 vehicles in tandem. Each unit has a private fenced back yard. Location is very desirable and property has great curb appeal.
Very nice Duplex near UCCS. Unit B has been totally refurbished to include complete interior paint, Luxury vinal tile through out, New kitchen counters, cabinets and counter. New bath vanities and toilets, New 2 california blinds. Each unit has a private driveway which can accomodate up to 3 vehicles in tandem. Each unit has a private fenced back yard. Location is very desirable and property has great curb appeal.

Property details

Building

Above Grade Finished Area: 1000

Architectural Style: "Ranch"

Below Grade Finished Area: 1000

Building Area Total: 2000

Construction Materials: "Wood/Frame"

Lower Sq Ft: 1000

Total Sq Ft: 2000

Living Area: 1982

Living Area Units: Square Feet

Stories: 1

Structure Type: "Duplex"

Year Built: 1973

Appliances & Equipment

Appliances: "Refrigerator", "Disposal"

Basement

Basement: "Full"

Bathrooms

Bathrooms Total Integer: 4

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: 4

Location

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.886776

Longitude: -104.803909

MLS Area Major: Out of Area

Postal Code: 80907

State Or Province: CO

Street Name: Magnolia

Street Number: 1196

Street Suffix: St

Subdivision Name: Crestmoor Park

Unparsed Address: 1196 Magnolia St Colorado Springs CO 80907

Garage

Covered Spaces: 3

Garage Spaces: 3

Garage YN: t

Garage Type: Off Street

Property

Direction Faces: South

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Utilities

Electric: "Electric", "Separate Meter Electricity"

Gas: "Separate Meter Gas"

Is Water Meter Installed: Yes

Utilities: "Electricity Available"

Schools

Elementary School: Edison

High School: Coronado

High School District: Colorado Springs 11

Middle Or Junior School: Mann

Fence

Fencing: "Partial"

Foundation

Foundation Details: "Slab"

Heating

Heating: "Forced Air"

Heating YN: t

Unit One

Bedrooms Unit 1: 2

Est Sq Ft Unit 1: 1000

Number Of Units Unit 1: 1

Rent Unit 1: $1,100

Total Baths Unit 1: 2

Unit Two

Bedrooms Unit 2: 2

Est Sq Ft Unit 2: 1000

Number 2 Bedroom Units: 2

Number Of Units Unit 2: 1

Rent Unit 2: $1,295

Total Baths Unit 2: 2

Taxes

Has Metro Tax District: No

Tax Annual Amount: 1081

Tax Year: 2022

Water Features

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 262.5

Listing Id: 1758656

Listing Terms: "Cash", "Conventional", "FHA", "VA Loan", "1031 Exchange"

List Price: 525000

Mls Status: Active

Number Of Units Total: 2

Special Listing Conditions: "Private Owner"

Standard Status: Active

Interior Features

Interior Features: "Pantry"

Lot

Lot Size Acres: 0.16

Lot Size Area: 7000

Lot Size Square Feet: 7000

Lot Size Units: Square Feet

Parking

Other Parking: Parking Per Unit(1.5 Spaces/Unit)

Tenant Pays

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

Monthly cost

Estimated monthly cost

$3,236/mo

All calculations are estimates and provided by Unreal Estate, Inc. 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$493,500

+$15,750

$509,250

Seller agent commission$15,750 (3%)*

$0 (0%)

Buyer agent commission$15,750 (3%)*

$15,750 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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State

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Unreal Estate checked: Sep 10, 2024 at 1:32 p.m.

Data updated: Jul 28, 2023 at 1:45 p.m.

Courtesy of Jon Walker, Walker Asset Management Realty Inc jon@walkerrealtynow.com,(719) 591-2020
This content last updated on 07/28/2023. 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 2025. All Rights Reserved.

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