1099 Westmoreland Road Colorado Springs, CO $ 766,660
1099 Westmoreland Road
$ 766,660
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1099 Westmoreland Road

Colorado Springs, CO, 80907
$ 766,660
Bedrooms8 Baths4.0 Sq 3,240

Monthly Estimate*

$ 5,095

Listed by Cushman & Wakefield
1099 Westmoreland Road, Colorado Springs, CO 80907 - Image 1
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Multi-Family Home for sale in Colorado Springs, CO

for $766,660 with 8 bedrooms and 4 full baths. This 3,240 square foot home was built in 1972.

Cushman & Wakefield is pleased to present 1099 Westmoreland Road, a quadraplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the thriving northside submarket of Colorado Springs, CO. The property offers all 2-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods, University Village and UCCS. 1099 Westmoreland Road is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property has one vacant unit.

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Multi-Family Active

Price

$ 766,660

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,573

Style

Quadruplex

Year Built

1972

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

6807582

Features
General
Sewer Public Sewer
Heating Baseboard
Cooling None
Possession Closing/DOD
Roof Architecural Shingle
Zoning R5
Garage Spaces 0
Construction Materials Brick Stucco
Exclusions None
Year Built 1972
Levels Two
Property SubType Quadplex
Tax Year 2022
Percent Ownership Individual
County El Paso
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Colorado Springs
Status Active
High School Doherty
City Colorado Springs
Buyer Agent Compensation 2.5
Senior Community Y/N N
High School District Colorado Springs 11
Carport Spaces 0
Street Name Westmoreland
Listing Terms Cash Conventional
Elementary School Bristol
Tax Annual Amount 1573
Middle/Junior High School Holmes
Structure Type Quadruplex
Standard Status Active
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Buyer Agent Compensation Type %
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Exterior
Total Parking 4
Building Area Total 3240
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Interior
Common Walls 2+ Common Walls
Basement (Y/N) N
Above Grade Finished Area 3240
Street Suffix Road
Total Bedrooms 8
Total Baths 4
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Internal Only
Street Number 1 1099
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* Excluded Features
List By
Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$5,227
Per Month
97%
3%
0%
Monthly Principal & Interest
$5,095
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3620726 Elementary School
3043142 Middle School
Doherty High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2023$660,000 -17.50% Price Down
8/22/2023$800,000 Listed Price

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1099 Westmoreland Road, Colorado Springs, CO, 80907 is a Multi-Family Home for sale at $766,660 with 3,240 sqft. 1099 Westmoreland Road has 8 bedrooms, 4.0 baths, and was built in 1972. The property's zip code is 80907 which is in Colorado Springs, CO