930 N El Paso St - Multi-Family FOR SALE


Colorado Springs, CO 80903- Patty Jewett
$899,000 USD
719-896-1270
930 N El Paso St, Colorado Springs, CO for Sale
$899,000 USD
Multi-Family - FOR SALE
1/24
null | 4.5% Cap Rate

930 N El Paso St
Colorado Springs, CO 80903
Patty Jewett


HIGHLIGHTS

  • Completely renovated triplex, fully rented, Luxury unit, corner lot,

OVERVIEW

UNITS Unit Sqft Beds Baths Garages Monthly Rent Furnished Occupied 1 1,015 2 1 0 $2,050 N Y 2 994 2 1 0 $1,700 N Y 3 994 2 1 0 $1,400 N Y Total Units Beds: 6 Total Units Baths: 3 Total Units Garage: 0 Total Units Sqft: 3,003 Total Parking Spaces: 10 Total Monthly Rent: $5,150 Total Units Occupied: 3 Units Total: 3 Gross Rent Multiplier: 175 Owner Pays: Lawn Care, Trash Tenant Pays: Electricity, Gas, Sewer, Trash, Water FEATURES Fireplaces: Main Level, One Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer Laundry Facilities: Electric Hook-up LOT Legal Desc: E 92.0 FT OF LOT 13, E 92.0 FT OF N 4.5 FT OF LOT 14 MARY F HENDLEYS SUB BLK 226 ADD 1 COLO SPGS Zoning: MX-T Zoning Entity: El Paso County Acres: 0.115 Lot Sqft: 5,014 Alley: Fence: All UTILITIES AND ENERGY Well Total: Well Permit: No Well Permit #: Heating: Electric, See Prop Desc Remarks, Wall Furnace Cooling: Ceiling Fan(s), See Prop Desc Remarks, Wall Unit(s) Existing Water: Municipal Sanitation: Sewer Existing Utilities: Electricity Connected, Natural Gas Connected PROPERTY REMARKS Property Description Remarks: Fully Rented, Turn-Key Cash-Flow Triplex in Colorado Springs – Prime Investment Property! Attention investors: Secure a fully occupied, high-yield asset with zero deferred maintenance. This legally zoned triplex in Colorado Springs has undergone a massive capital improvement overhaul, offering immediate cash flow and maximized NOI. Perfect for portfolio expansion or a hands-off landlord looking for a premium income property. Each fully renovated unit features two bedrooms and one bathroom, laundry room with their own clothes washer and dryer. Major CapEx Upgrades: Brand-NEW roof (2026), new water heater, new radon mitigation system, and updated HVAC systems. Each unit now features its own independent, high-efficiency mini-split system for heating and A/C. Upper Unit: Fully remodeled with an updated luxury kitchen with quartz countertops, modern luxury bathroom, luxury vinyl plank (LVP) flooring, and fresh paint. Features high-demand in-unit washer/dryer and dishwasher hookups, keyless entry, and rebuilt indoor/outdoor stairs. Fresh paint, flooring and lighting. Main Unit: Features independent mini-splits, a refreshed kitchen with an upgraded gas oven, new lighting, and a refinished front porch with integrated tenant storage. Lower Unit: Maximized for tenant retention with a double-insulated ceiling for superior sound dampening, updated kitchen and bathroom, new dishwasher, and a clean, modern layout. Exterior: New exterior blue and white paint, low-maintenance landscaping with a new cobblestone patio, fully fenced and freshly painted fence, ambient security lighting, and proper water diversion with a buried drain line. This turnkey tri-plex multi-family property represents the ideal Colorado Springs real estate investment—combining strong rental history, and premium renovations that command top-market rent. Don't miss this recession-resistant multifamily home. Schedule your showing today! School District: 11-Colorado Springs Taxes: $2,512 Tax Year: 2025 BUILDING Year Built: 1906 Construction Status: Existing 3 units, 2 beds, 1 bath each, in unit laundry Structure: Framed on Lot, Wood Frame Square Foot Source: Assessor Records Basement/Foundation: Full Basement Roofing: Composite Shingle Window Type: Vinyl Siding: Masonite Type

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

3

PRICE/UNIT

$299,667

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

930 N El Paso St, Colorado Springs, CO 80903

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,014 SF

ZONING

MX-T

APN/PARCEL ID

64071-20-025

ASK ABOUT THIS PROPERTY

Brishen CombsRe/Max Real Estate GroupMore Info
719-896-1270

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Brishen CombsRe/Max Real Estate GroupMore Info
719-896-1270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.