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Estes Park Team Realty

[email protected] +1(970) 586-3838

$ 530,000

Est. payment -/mo

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Active

4310 Loomis Colorado Springs, CO 80906

10 Beds

4 Baths

3,908 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,908 sqft

Subdivision Tamarack South

MLS Listing ID IRE8938940

Bedrooms 10

HOA Y/N No

Year Built 1972

Annual Tax Amount $2,645

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Source ires

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.

Location

State CO

County El Paso

Community Tamarack South

Area Out Of Area

Zoning RM-30

Direction See navigation app

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling Wall/Window Unit(s), Ceiling Fan(s)

Appliance Refrigerator, Washer, Dryer, Microwave, Fire Alarm

Exterior

Parking Features Off Street

Garage Spaces 6.0

Fence Partial

Community Features Community Laundry

Utilities Available Electricity Available, Master Meter-Electric, Separate Meter Electricity

View Y/N Yes

View Mountain(s)

Roof Type Composition

Porch Patio, Deck

Garage Yes

Building

Lot Description Outbuildings

Sewer Public Sewer

Water City

Level or Stories Two

Structure Type Frame,Wood Siding,Concrete

New Construction false

Schools

Elementary Schools Otero

Middle Schools Fox Meadow

High Schools Harrison 2

School District Harrison 2

Others

Acceptable Financing Cash, Conventional, FHA, VA, 1031 Exchange

Listing Terms Cash, Conventional, FHA, VA, 1031 Exchange

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Information and Real Estate Services (IRES)

Listed by Kasia Vermiglio

NEARBY SCHOOLS & PROPERTIES

Estes Park Team Realty

Broker/Owner | License ID: ER-1322538

+1(970) 586-3838

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Colorado

Estes Park Team Realty

4310 Loomis Colorado Springs, CO 80906

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4310 Loomis