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Buy a multi-family propertyat 3122 Illinois Ave, Colorado Springs, CO 80907

$985,000

$0/mo

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Multifamily

2,294 Sq. Ft.

436 Days on market

2225525 MLS ID

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About 3122 Illinois Ave multi-family property

INCREDIBLE and rare investment opportunity in a strong rental market! This stuccoed triplex is BRAND NEW (under construction) with an estimated completion date of November 2022 is positioned perfectly near not one, but two colleges, hospitals, the olympic training center, shopping and more! Each unit has such a fresh and clean feel to it due to the LVP flooring, carpet in the bedrooms, white quartz countertops, white soft close cabinets, and white backsplash. On the main level you will find the living room with a big window, 2 generously sized bedrooms with a full bathroom in-between, and the kitchen. The upper level offers a HUGE master bedroom to go along with a walk in closet and a bathroom that anyone would love. Each unit has its own off street parking and the units are pre-vented for AC. With the property being on a corner lot, there are two points of ingress and egress which give the units a sense of privacy.
INCREDIBLE and rare investment opportunity in a strong rental market! This stuccoed triplex is BRAND NEW (under construction) with an estimated completion date of November 2022 is positioned perfectly near not one, but two colleges, hospitals, the olympic training center, shopping and more! Each unit has such a fresh and clean feel to it due to the LVP flooring, carpet in the bedrooms, white quartz countertops, white soft close cabinets, and white backsplash. On the main level you will find the living room with a big window, 2 generously sized bedrooms with a full bathroom in-between, and the kitchen. The upper level offers a HUGE master bedroom to go along with a walk in closet and a bathroom that anyone would love. Each unit has its own off street parking and the units are pre-vented for AC. With the property being on a corner lot, there are two points of ingress and egress which give the units a sense of privacy.

Property details

Location

Country: US

City: Colorado Springs

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.877602

Longitude: -104.804741

MLS Area Major: Out of Area

Postal Code: 80907

State Or Province: CO

Street Name: Illinois

Street Number: 3122

Street Suffix: Ave

Subdivision Name: Papeton

Unparsed Address: 3122 Illinois Ave Colorado Springs CO 80907

House

Above Grade Finished Area: 2294

Building Area Total: 2724

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

Total Sq Ft: 2724

Levels: "Two"

Living Area: 2294

Living Area Units: Square Feet

Stories: 2

Year Built: 2022

Garage

Attached Garage YN: t

Covered Spaces: 2

Garage Spaces: 2

Garage YN: t

Garage Type: Attached

Bathrooms

Bathrooms Total Integer: 6

Bedrooms

Bedrooms Total: 9

Schools

Elementary School: Edison

High School: Coronado

High School District: Colorado Springs 11

Middle Or Junior School: Mann

Heating

Heating: "Forced Air"

Heating YN: t

Property

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Taxes

Has Metro Tax District: No

Tax Annual Amount: 406

Tax Year: 2021

Water

Has Water Rights: No

Listing

Price Per Sq Ft: 361.6

Listing Id: 2225525

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

List Price: 985000

Mls Status: Pending

Number Of Units Total: 3

Standard Status: Pending

Lot

Lot Size Units: Square Feet

Parking

Other Parking: Parking Per Unit(2 Spaces/Unit)

Monthly cost

Estimated monthly cost

$6,072/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$925,900

+$29,550

$955,450

Seller agent commission$29,550 (3%)*

$0 (0%)

Buyer agent commission$29,550 (3%)*

$29,550 (3%)*

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

Get $29,550 more selling your home
with an Unreal Estate agent

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State

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Cities

Unreal Estate checked: Apr 19, 2024 at 5:21 p.m.

Data updated: Mar 16, 2023 at 8:45 p.m.

Courtesy of Sevin Murdock, Stone Gable Real Estate LLC
This content last updated on 03/16/2023. 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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