Homes for sale - 620 Forest Edge RD, Woodland Park, CO 80863

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Siobhan Celusta & Tad Vannaman

fightingfalconhometeam@gmail.com +1(719) 299-0547

$ 899,900

Est. payment | -/mo

0.53 Acres Lot

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$ 899,900

Est. payment | -/mo

Save

0.53 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6163955

Construction Status Existing

HOA Y/N No

Year Built 1984

Annual Tax Amount $1,445

Tax Year 2024

Lot Size 0.530 Acres

Property Sub-Type Fourplex

Property Description

Well-maintained and managed 4-plex for sale in the heart of Woodland Park, Colorado. The appeal of the location and quality of the units results in consistently low vacancy rates, less than 1/2% over the last 11.8 ownership years. The offering price should yield the Buyer an estimated 7.2% Cap rate. Rental Income & Expense Statement and Capitalization Rate estimates are available on MLS. The building boasts 3,168 square feet on over ½ acre, consisting of four two-level units, each with 792 square feet, 2 bedrooms, and 2 bathrooms. The main level is appointed with an open concept living room, kitchen, bedroom/office with closet, bathroom with shower, laundry space for full-size washer & dryer, and a sizable kitchen pantry. The loft master bedroom upstairs has a full bath (tub/shower combo) and a large walk-in closet. Each unit has access to a large detached one-car garage with an automatic door opener. Passive solar and zoned electric heat function well with very reasonable utility bills for tenants. Tenants pay utilities for their respective units (electric & water/sewer) with accounts in tenants' names. The owner pays for electricity for the garage and trash. Bear-proof 3-yard trash dumpster on the grounds for tenant use. The .53 acres of land offers ample parking and potential for possible RV parking, carports or storage units. This 4-plex is centrally located in a sunny open neighborhood within walking distance to schools, churches, library, park, restaurant, hiking trail and municipal swimming pool and is within commuting distance to Colorado Springs, Divide, Florissant and Cripple Creek. Recent repairs and upgrades: Sewer main jet 2025, Repaired and upgraded perimeter drain 2024, LVP upgrade (620D) 2023, Cable laundry drain line (620D) 2023
This 4-plex is priced to sell. Schedule your showing today!

Location

State CO

County Teller

Area Schuttes Subdivision

Interior

Cooling Ceiling Fan(s)

Laundry Electric Hook-up

Exterior

Garage Spaces 8.0

Fence All

Utilities Available Electricity Connected

Roof Type Composite Shingle

Building

Foundation Slab

Water Municipal

Structure Type Framed on Lot

Construction Status Existing

Schools

School District Woodland Park Re2

Others

Special Listing Condition Not Applicable

Unit 1

Sqft 792

Beds 2

Baths 2

Garages 1

Rent Price 1550

Occupied Y

Furnished N

Unit 2

Sqft 792

Beds 2

Baths 2

Garages 1

Rent Price 1550

Occupied Y

Furnished N

Unit 3

Sqft 792

Beds 2

Baths 2

Garages 1

Rent Price 1550

Occupied Y

Furnished N

Unit 4

Sqft 792

Beds 2

Baths 2

Garages 1

Rent Price 1550

Occupied Y

Furnished N

Listed by Pikes Peak Homes and Land Ltd

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Siobhan Celusta & Tad Vannaman

REALTORS® | Lic# 1000073229 | 100085560

fightingfalconhometeam@gmail.com

+1(719) 299-0547

5446 N. Academy Blvd., Suite 100, Springs, CO, 80918

620 Forest Edge RD Woodland Park, CO 80863

Siobhan Celusta & Tad Vannaman

Key Details

Location

Interior

Exterior

Building

Schools

Others

Unit 1

Unit 2

Unit 3

Unit 4

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620 Forest Edge RD