2115 Preuss Rd Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80910
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,573 sqft
Price per Sqft $221
Subdivision Prospect Park
MLS Listing ID 9943254
Bedrooms 10
HOA Y/N false
Abv Grd Liv Area 3,573
Originating Board REcolorado
Year Built 1969
Annual Tax Amount $1,567
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Income Property
Property Description
2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades, including new windows, a refreshed painted exterior, and a perimeter fence. Additional enhancements in 2025 include an electric panel replacement, a newly paved driveway, sidewalk, and patio area, as well as xeriscaping for improved curb appeal and low-maintenance landscaping. This property also comes equipped with a wireless security camera system. Each unit offers additional storage units for personalized comfort. With its prime location, 2115 Preuss Rd presents a turnkey investment opportunity with immediate cash flow. This property offers a 8.17% cap rate and 11.08% cash-on-cash return!
Location
State CO
County El Paso
Area Out Of Area
Zoning R5
Interior
Heating Baseboard
Laundry Common Area
Exterior
Garage Spaces 8.0
Roof Type Fiberglass
Building
Story 2
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
Elementary Schools Hunt
Middle Schools Academy For Advanced And Creative Learning
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner