Get positive cash flow immediately with this fully occupied 8.1% cap rate 4-plex!
All units have been updated in the last 5 years. Electric is individually metered - 4 units and 1 house meter. The 4 electric meters are in the tenant's names and the House is Billed back. The Water / Sewer / gas / trash are billed back.
All units are occupied.
*** Available to show with 24 hours notice to Tenant.
Owner pays the grounds care. Laundry is on the 2nd floor and washer and dryer are both new in the last year. Luxury Vinyl Tile Throughout.
Sold for $755,000
$755,000
4625 N Carefree Circle, Colorado Springs, CO 80917
8beds
4baths
3,088sqft
Quadruplex
Built in 1972
-- sqft lot
$677,900 Zestimate®
$244/sqft
$1,850 Estimated rent
Home value
$677,900
$644,000 - $712,000
$1,850/mo
Zestimate® history
Owner options
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$1,850/mo
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$1,850/mo
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Refinance and save
$4,444/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,444/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michael Tilley 970-568-8162,
Tradewind Real Estate LLC,
Michael Tilley 970-568-8162,
Tradewind Real Estate LLC
Bought with:
Jake Wade, 100091177
RE/MAX Real Estate Group Inc
Source: REcolorado as distributed by MLS GRID,MLS#: 3014917
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Electric, Hot Water
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Oven, Refrigerator
- Laundry: Common Area
Features
- Smoke Free
- Flooring: Vinyl
- Has basement: No
- Common walls with other units/homes: 1 Common Wall,2+ Common Walls
Interior area
- Total structure area: 3,088
- Total interior livable area: 3,088 sqft
- Finished area above ground: 2,316
Property
Parking
- Total spaces: 8
- Details: Off Street Spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
Lot
- Size: 8,600 Square Feet
Details
- Parcel number: 6326417009
- Zoning: R5 AO
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Roof: Composition
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: Candelwood
HOA
- Has HOA: Yes
- HOA fee: $109 quarterly
- HOA name: Village Seven HOA
- HOA phone: 303-980-0700
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $244/sqft
- Tax assessed value: $624,497
- Annual tax amount: $1,671
- Date on market: 1/31/2024
- Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
- Exclusions: Tenants Personal Property.
- Ownership: Individual
- Tenant pays: Cable TV, Electricity, Gas, Internet, Telephone, Trash Collection, Water
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/3/2024 | Sold | $755,000-2.6%$244/sqft |
Source:  REcolorado as distributed by MLS GRID #3014917 Report a problem | ||
| 4/6/2024 | Pending sale | $775,000$251/sqft |
Source: REcolorado as distributed by MLS GRID #3014917 Report a problem | ||
| 3/26/2024 | Price change | $775,000-0.6%$251/sqft |
Source: REcolorado as distributed by MLS GRID #3014917 Report a problem | ||
| 1/31/2024 | Listed for sale | $780,000+50%$253/sqft |
Source: REcolorado as distributed by MLS GRID #3014917 Report a problem | ||
| 12/17/2019 | Sold | $520,000-1%$168/sqft |
Source: Public Record Report a problem | ||
| 11/18/2019 | Pending sale | $525,000$170/sqft |
Source: RE/MAX Properties Inc #6712276 Report a problem | ||
| 11/15/2019 | Listed for sale | $525,000$170/sqft |
Source: RE/MAX Properties Inc #6712276 Report a problem | ||
| 10/15/2019 | Pending sale | $525,000$170/sqft |
Source: RE/MAX Properties Inc #6712276 Report a problem | ||
| 10/5/2019 | Price change | $525,000-1.9%$170/sqft |
Source: RE/MAX Properties Inc #6712276 Report a problem | ||
| 9/25/2019 | Listed for sale | $535,000+46.6%$173/sqft |
Source: RE/MAX Properties, Inc #5872574 Report a problem | ||
| 12/21/2016 | Sold | $365,000+121.2%$118/sqft |
Source: Public Record Report a problem | ||
| 4/15/1997 | Sold | $165,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,222 +152.6% | $41,840 |
| 2023 | $1,671 -9.8% | $41,840 +40.1% |
| 2022 | $1,853 | $29,870 -4.9% |
| 2021 | -- | $31,410 +30% |
| 2020 | $1,640 +0.5% | $24,170 |
| 2019 | $1,632 +20.6% | $24,170 +24.1% |
| 2018 | $1,353 -5.3% | $19,470 |
| 2017 | $1,429 +5.6% | $19,470 +8.6% |
| 2016 | $1,353 +30.2% | $17,930 |
| 2015 | $1,039 +6% | $17,930 +10% |
| 2014 | $981 | $16,300 |
| 2013 | -- | -- |
| 2012 | -- | $16,300 |
| 2011 | $1,283 | $16,300 -25% |
| 2010 | -- | $21,740 |
| 2009 | -- | $21,740 |
| 2008 | -- | $21,740 |
| 2006 | -- | $21,740 +17.7% |
| 2004 | -- | $18,470 |
| 2003 | $1,079 +3.7% | $18,470 -2.6% |
| 2002 | $1,040 +2.1% | $18,960 +8% |
| 2001 | $1,019 | $17,550 |
Find assessor info on the county website
Neighborhood: East Colorado Springs
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Nearby schools
GreatSchools rating
- 3/10Penrose Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Sabin Middle SchoolGrades: 6-8Distance: 0.7 mi
- 1/10Mitchell High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Penrose
- Middle: Sabin
- High: Mitchell
- District: Colorado Springs 11
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$677,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$677,900
- Colorado
- El Paso County
- Colorado Springs
- 80917
- East Colorado Springs
- 4625 N Carefree Circle
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