Description
Value-add multifamily opportunity on 1.74 acres in unincorporated El Paso County. Property includes five buildings totaling approximately 6,250 sq ft, with four units currently livable (three single-family homes plus one studio) and three additional units (duplex + detached studio) offering renovation or redevelopment potential. Existing improvements include a 2,900 sq ft primary residence with attached studio, a 764 sq ft studio-style home, and a 1,943 sq ft rear residence (tenant-occupied). Recent roof replacements completed on the main home and 764 sq ft unit; rear home features refrigerated air and partial roof replacement. Additional structures are plumbed and framed, presenting upside for investors seeking to expand unit count. Two adjoining parcels offer multiple access points and flexible layout suitable for a rental compound or phased value-add strategy. Located near the Montana Ave growth corridor. Property conveys as a single offering.
School Ratings & Info
Description
Value-add multifamily opportunity on 1.74 acres in unincorporated El Paso County. Property includes five buildings totaling approximately 6,250 sq ft, with four units currently livable (three single-family homes plus one studio) and three additional units (duplex + detached studio) offering renovation or redevelopment potential. Existing improvements include a 2,900 sq ft primary residence with attached studio, a 764 sq ft studio-style home, and a 1,943 sq ft rear residence (tenant-occupied). Recent roof replacements completed on the main home and 764 sq ft unit; rear home features refrigerated air and partial roof replacement. Additional structures are plumbed and framed, presenting upside for investors seeking to expand unit count. Two adjoining parcels offer multiple access points and flexible layout suitable for a rental compound or phased value-add strategy. Located near the Montana Ave growth corridor. Property conveys as a single offering.
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