4255 Loomis Avenue

A rare opportunity for a turnkey investment awaits in this updated Stratmoor Hills quadplex. Showcasing recent interior and exterior upgrades, this property offers flexibility and rental income potential. Each of the four units features two bedrooms, one bathroom and in-unit laundry for added convenience. Three of the four units have been thoughtfully updated with modern finishes, including neutral tiles and stylish light fixtures. Owners may choose to reside in one unit and rent the remaining three units, or rent all four units to maximize returns. A large backyard with a seating and play area presents plenty of space for enjoying outdoor relaxation. Ample space for vehicles is offered with off-street space for up to 16 cars and trucks. A central location within Colorado Springs provides close proximity to the Army base, schools and Cheyenne Meadows Park. Welcome to drive by, but please do not disturb tenants. Owner will consider carrying for up to 6 months. INDIVIDUAL electric meters were just installed.
Unit A is occupied, water and electric currently included in $1,800 rent; however, January 1 with new electric meters now in place rent will be reduced to $1,400 and tenant will pay own electric, ground-floor unit with patio and fenced outdoor space.
Unit B is occupied, water included in $1,400 month-to-month rent, tenant pays own electric, ground-floor unit with patio and fenced outdoor space.
Unit C is occupied with month-to-month at $1,400, water included in rent, January 1 with new electric meters now in place rent will be retained at $1,400 and tenant will pay own electric, 2nd-floor unit with balcony.
Unit D is vacant, water included in rent, rent advertised for $1,300 and tenant will pay own electric, 2nd-floor unit with balcony.