8220 W Highway 24, Cascade, CO 80809

Well maintained and managed income property for sale on the sunny side of Cascade! Three units are substantially under market rent; month to month leases allow for flexible future management of the property. Could be converted to 4 VRBO/Air B&B units. This 4-plex on two acres is located in a high rental demand, low rental supply area. Centrally located between Woodland Park and Colorado Springs this property attracts and retains high quality tenants -- zero vacancy for 5 plus years! Tenants enjoy low utilities, tons of parking, covered balconies and patios, private driveway with no through traffic, hiking access into adjoining national forest, gorgeous views and sunshine. 2,754 sf consisting of four units each with 2 bedrooms, 1 bathroom, living room and kitchen. Each unit is appointed with storage closets, efficient gas wall furnaces, 40-gallon gas water heaters, gas ranges, refrigerators and washer hookups. All units have been updated over the years. Most recently, Unit #2 has been sharply refreshed with all new flooring, paint, complete kitchen and bath upgrades, stainless appliances, and light fixtures. Shared clothes dryer and bear proof 3-yard trash dumpster on grounds for tenant use. Utility shed on property perfect for manager’s tools and supplies or for additional tenant storage income. The two acres of land offers potential to build carports, garages, or additional storage units.