BEDS10
BATHS4
SQUARE FEET3,908
MLS#8938940
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTamarack South
SCHOOLHarrison 2
Listing Courtesy of:
Humble Bee Realty LLC
Agency Contact: Kasia@HumbleBeeRealty.com,303-870-3303
Property Description
Cash flow meets Colorado charm at 4310 Loomis Ave, Colorado Springs, CO 80906. This 10-bed, 4-bath fourplex in unincorporated El Paso County is a versatile income-producing asset with multiple exit strategies. Two 3-bedroom units and two 2-bedroom units provide a strong, efficient layout. Previously operated as successful short-term rentals, the property can remain STR or convert to long-term rentals. Currently, 3 of 4 units are month-to-month, allowing immediate repositioning and rent optimization. Built in 1972, the property features solid construction and functional layouts with predictable maintenance and strong tenant appeal. Current income is $5,400/month ($64,800/year) supporting an estimated ~9.8% in-place cap rate. One 3-bedroom unit is vacant and STR-ready, offering immediate upside. Projected income is $8,400+/month ($100,800/year) supporting an estimated ~15%+ stabilized cap rate through rent increases, lease-up of the vacant unit, and correction of below-market rents. Additional NOI upside exists through utility bill-back, laundry income, and operational efficiencies. Value-add is a key driver as utilities and WiFi are currently owner-paid, and shifting this to tenants increases NOI immediately, with additional upside from coin-operated laundry and operational improvements. The oversized lot allows for additional parking or future expansion, while seasonal demand supports strong STR performance and occupancy. Location is key?minutes from Broadmoor World Arena, Cheyenne Mountain State Park, and central Colorado Springs, with strong tenant demand from employers and military bases. To respect tenant privacy, all units will be available only during Open House Saturday 4/25 from 1?3 PM and during scheduled inspections, with individual showings limited to Unit 2 (vacant 3BR only). Bottom line: cash flow now, upside tomorrow?flexible asset with clear execution path.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Air Conditioning-Room
Heating: Baseboard
Lot Size: 0.23 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $2,645
Year Built: 1972
Amenities
Ceiling Fan(s)
Fire Pit
Private Yard
Feature Descriptions
Appliances: Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Baths Total: 4
Days on Site: 4
Exclusions: tenantâ??s personal property
Exterior: Frame, Wood Siding
Fencing: Partial
Flooring: Carpet, Concrete, Vinyl
Laundry: Common Area
Parcel#: 65054-07-036
Patio/Porch: Deck, Patio
Security: Carbon Monoxide Detector(s), Security System, Smart Locks, Smoke Detector(s)
Security: yes
Sewer: Public Sewer
Special View Info: Mountain(s)
Utilities: Electricity Available, Electricity Connected, Natural Gas Not Available
Water: Public
Local Schools
High School: Harrison
Middle School: Fox Meadow
Elementary School: Otero
School District: Harrison 2
Listed By / Shown By
Listed By
Agency Name: Humble Bee Realty LLC
Agency Contact: Kasia@HumbleBeeRealty.com,303-870-3303
Shown By
Agent Name: Colorado Springs Military Homes
Agent Phone: (719) 332-0433
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 2,985.64 per month $2,610.64 Principal & Interest $220.42 Property Tax $154.58 Homeowner's InsuranceChange Payment Information
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4310 Loomis Avenue | MLS# 8938940
This multi-family property located at 4310 Loomis Avenue, Colorado Springs, CO 80906 is currently listed for sale with an asking price of $530,000. Loomis Avenue is located within the Harrison 2 school district. Search Colorado Springs real estate on www.cosmilitaryhomes.com today.