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Liz Kozar

[email protected] +1(970) 775-0025

$ 799,000

Est. payment | -/mo

8 Beds

4 Baths

3,348 SqFt

Save Virtual Tour

$ 799,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

3,348 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,348 sqft

Subdivision Vista Grande Terrace

MLS Listing ID IRE7352165

Bedrooms 8

HOA Y/N No

Year Built 1973

Annual Tax Amount $2,720

Tax Year 2025

Lot Size 0.370 Acres

Acres 0.37

Source ires

Property Description

EXCELLENT INVESTMENT OPPORTUNITY in established income-producing Fourplex, more than 25 years of reliable rental history, in highly desirable 80918 location! Each of the four units (~850 sq ft/ea) offers 2 bedrooms, 1 full bath, in-unit full size laundry hookups, and its own private 1-car ATTACHED GARAGE - providing four individual garage spaces directly serving the residential units. Each unit provides a practical two-story layout with defined living and dining space, full kitchen, two upper-level bedrooms, and a full bath. No HOA means no recurring association dues and greater operational flexibility for the next owner. BONUS: A separate 3-car detached garage at the rear of the property brings the total garage count to SEVEN, creating additional flexibility for storage, owner use, or potential supplemental income. NEW ROOF TO BE INSTALLED PRIOR TO CLOSING, addressing a significant capital expense from day one. Enjoy beautiful mountain views out the front of each unit, this investment property is ideally situated in central Colorado Springs with convenient access to Academy Blvd, Austin Bluffs Pkwy, UCCS, shopping, dining, employment centers, and major commuter routes. The location supports broad tenant appeal and long-term rental demand, with everyday amenities and services just minutes away. Whether you're expanding your portfolio or seeking a solid income-producing property in a prime area, this property offers a strong foundation for continued long-term income production and portfolio growth.

Location

State CO

County El Paso

Community Vista Grande Terrace

Area Out Of Area

Zoning R-4

Direction From I-25, take the Woodmen Road exit (Exit 149) and head east. Continue to N. Academy Boulevard, turn right (south), then turn onto Tomah Drive and follow it to 5535 Tomah Dr, Colorado Springs, CO 80918.

Interior

Heating Forced Air, Baseboard

Fireplaces Type None

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Attached

Garage Spaces 7.0

Utilities Available Electricity Available, Cable Available

View Y/N No

Roof Type Composition

Porch Patio

Garage Yes

Building

Sewer Public Sewer

Water City

Level or Stories One

Structure Type Frame,Vinyl Siding,Stucco,Wood Siding

New Construction false

Schools

Elementary Schools Fremont

Middle Schools Russell

High Schools Colorado Springs 11

School District Colorado Springs 11

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Virtual Tour https://www.zillow.com/view-imx/f654fd8a-ee94-4d2e-a0b6-77e2d9688f3c?initialViewType=pano

Information and Real Estate Services (IRES)

Listed by Denae Howell

NEARBY SCHOOLS & PROPERTIES

+1(970) 775-0025

[email protected]

457 East Wonderview

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Colorado

5535 Tomah Colorado Springs, CO 80918