Fourplex with Coin
New
For Sale
$599,000
1117 Cree Dr, Colorado Springs, CO 80915
Four one-bedroom apartments with separate gas and electric metering, exterior storage, and fenced off-street parking.
Property Size625 SF
Price / SF$958.40
Days on Market4
Property Features for 1117 Cree Dr
General Information
Standard status
Active
Size
625 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Amenities
off-street parking
motion-activated security lighting
recently poured sidewalks
exterior storage closet
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Summit Realty, Inc
(719) 395-8616
Listed By:
Smart City Realty Colorado
(720) 504-0873
Source:
Smartcityrealtycolorado
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Realty, Inc
Investment Insights
Based on property information with market context.
This fourplex contains four one-bedroom apartments, each measuring approximately 625 square feet. The property was built in 1970 and includes a seller-owned laundry area with two washers and two dryers. Each residence has an individual gas meter and electric meter, while the owner covers water, sewer, trash, and electricity serving exterior lighting and the laundry area.
All four apartments are leased on a month-to-month basis, providing an existing rent roll with flexible lease timing. Additional site features include a fenced backyard with off-street parking, motion-activated security lighting, recently poured sidewalks, and a locked exterior storage closet of approximately 30 square feet for each apartment. A bidirectional sewer cleanout is located in the backyard.
The property is at 1117 Cree Dr in Colorado Springs, near Peterson Space Force Base, Powers Boulevard, Highway 24, Academy Boulevard, shopping, dining, and everyday services.
All four apartments are leased on a month-to-month basis, providing an existing rent roll with flexible lease timing. Additional site features include a fenced backyard with off-street parking, motion-activated security lighting, recently poured sidewalks, and a locked exterior storage closet of approximately 30 square feet for each apartment. A bidirectional sewer cleanout is located in the backyard.
The property is at 1117 Cree Dr in Colorado Springs, near Peterson Space Force Base, Powers Boulevard, Highway 24, Academy Boulevard, shopping, dining, and everyday services.
Key Highlights
- Four one‑bedroom apartments, each approximately 625 square feet
- All four units leased on month‑to‑month terms
- Seller‑owned coin laundry with 2 washers and 2 dryers
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments with separate gas and electric metering, exterior storage, and fenced off-street parking.
Where is this quadplex located?
The property is located at 1117 Cree Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four one‑bedroom apartments, each approximately 625 square feet; All four units leased on month‑to‑month terms; Seller‑owned coin laundry with 2 washers and 2 dryers
