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1020 Chiricahua Loop

Colorado Springs, CO 80915
  • $595,000
  • STATUS: Active Under Contract
  • ON SITE: 10 Days
  • ID#: 2987656
Under Contract
UPDATED: 75 min ago
$595,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of HomeSmart: 719-634-8761.

Description

Investor-ready 4-Plex with extensive capital improvements! This property has been consistently updated & well maintained by the current owners, unlike many multi-family properties that require immediate repairs or deferred maintenance work. Major building improvements include: New roof, boiler/water heater system, & exterior paint (2025) • New coin-operated washer & dryer (2024) • Replacement windows (2022 & 2024) • New Fence along the back side of the property & steel post reinforcement (2024) • Stair & concrete improvements for the garden-level units (2022) • Large tree removals & exterior maintenance (2022 & 2025) • Sewer line cleaning & camera scoping (2022, 2024 & 2025) • Annual backflow testing & inspections (2022–2025) • Power washing, painted front steps & fresh mulch (2026), The units have also been updated over the past several years: UNIT 1 New fridge, dishwasher & interior paint (2026) • ADA-compliant toilet (2025) • New stove & window replacement (2024) • New carpet & luxury vinyl plank flooring (2021). UNIT 2 • New carpet, LVP flooring, New dishwasher, stove, & fridge (2023), and 1 window replacement (2022). UNIT 3 • New stove & interior paint (2025) • New carpet & LVP flooring (2023) New fridge & dishwasher (2022). UNIT 4 • New stove & fridge, interior paint, carpet, & LVP flooring (2025). The property includes a common coin-operated washer & dryer that provides additional income for the owner & added convenience for tenants. There is ample off-street parking w/ parking areas located in the front & west side of the building, plus additional parking along the east side- 10 parking spaces total. Each apartment features: • 2 bedrooms & 1 bathroom • Spacious eat-in kitchen • Refrigerator, electric range oven, dishwasher, and disposal • Good-sized bedrooms • Coat closet in the living room • Linen closet near the bathroom • Private front patio w/ storage closet. One unit is currently vacant, creating an excellent opportunity for an owner-occupant buyer.

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Pikes Peak Multiple Listing Service logo Tommy Daly Home Team with Re/Max Properties inc.- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS. 2026-06-14T20:40:51.67.
www.tommydalyhometeam.com/homes/177203384
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1020 Chiricahua Loop Colorado Springs, CO 80915

  • Price: $595,000
  • Status: Active Under Contract
  • On Site: 10 Days
  • Updated: 75 min ago
  • ID#: 2987656
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1973
Built
Neighborhood:
Cimarron Hills
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property Description
Investor-ready 4-Plex with extensive capital improvements! This property has been consistently updated & well maintained by the current owners, unlike many multi-family properties that require immediate repairs or deferred maintenance work. Major building improvements include: New roof, boiler/water heater system, & exterior paint (2025) • New coin-operated washer & dryer (2024) • Replacement windows (2022 & 2024) • New Fence along the back side of the property & steel post reinforcement (2024) • Stair & concrete improvements for the garden-level units (2022) • Large tree removals & exterior maintenance (2022 & 2025) • Sewer line cleaning & camera scoping (2022, 2024 & 2025) • Annual backflow testing & inspections (2022–2025) • Power washing, painted front steps & fresh mulch (2026), The units have also been updated over the past several years: UNIT 1 New fridge, dishwasher & interior paint (2026) • ADA-compliant toilet (2025) • New stove & window replacement (2024) • New carpet & luxury vinyl plank flooring (2021). UNIT 2 • New carpet, LVP flooring, New dishwasher, stove, & fridge (2023), and 1 window replacement (2022). UNIT 3 • New stove & interior paint (2025) • New carpet & LVP flooring (2023) New fridge & dishwasher (2022). UNIT 4 • New stove & fridge, interior paint, carpet, & LVP flooring (2025). The property includes a common coin-operated washer & dryer that provides additional income for the owner & added convenience for tenants. There is ample off-street parking w/ parking areas located in the front & west side of the building, plus additional parking along the east side- 10 parking spaces total. Each apartment features: • 2 bedrooms & 1 bathroom • Spacious eat-in kitchen • Refrigerator, electric range oven, dishwasher, and disposal • Good-sized bedrooms • Coat closet in the living room • Linen closet near the bathroom • Private front patio w/ storage closet. One unit is currently vacant, creating an excellent opportunity for an owner-occupant buyer.
Exterior Features

Fence Rear Foundation Details Garden Level Lot Size 9800.0000 Lot Size Units SqFt Parking Spaces Number Of 8 Roof Composite Shingle Siding BrickMasonite Type Structure Framed on LotFrame

Interior Features

Appliances DishwasherDisposalDryerRangeRefrigeratorWasher Cooling None Fireplace Description None Heating BaseboardHot WaterNatural Gas Laundry Facilities CoinCommon Unit Total Baths 4 Unit Total Beds 8

Property Features

Earnest Money 6000 Income Property Sub Type Fourplex Notices Established Rental History Tax Amount 3278.00 Tax Year 2024 Terms CashConventionalFHAVA Unit Count 4 Utilities Electricity ConnectedNatural Gas Connected Water Municipal



Pikes Peak Multiple Listing Service logo Tommy Daly Home Team with Re/Max Properties inc.- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS. 2026-06-14T20:40:51.67.
 
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Tommy Daly Home Team with Re/Max Properties inc.
2630 Tenderfoot Hill St.
Colorado Springs CO, 80906
Pikes Peak Multiple Listing Service logo Listing provided courtesy of HomeSmart: 719-634-8761.
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