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Pending
4240 Loomis Ave, Colorado Springs, CO 80906
Four-unit residential income property with renovated interiors, updated appliances, and a newer composite shingle roof.
Property SizeContact for details
Days on Market143
Property Features for 4240 Loomis Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Year Renovated
2011
Listing Agency:
Resident Realty
Listed By:
Max Grenader · License #CO 100067478
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 8:30PM
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 Resident Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property features renovation work completed in multiple phases. Interior improvements include refreshed kitchens with dishwashers, microwaves, and refrigerators, along with updated bathrooms, flooring, paint, trim, doors, windows, and light fixtures. A composite shingle roof was installed in 2016. Further work in 2021 included appliance updates, new doors, and refreshed carpet and paint in three of the four units.
The property is located near Ft. Carson and PPCC. It has remained consistently rented, and the listing provides a 6.7% pro forma cap rate.
The property is located near Ft. Carson and PPCC. It has remained consistently rented, and the listing provides a 6.7% pro forma cap rate.
Key Highlights
- Four‑unit quadplex with a 6.7% pro forma cap rate
- Kitchen upgrades include dishwashers, microwaves, and refrigerators
- Composite shingle roof installed in 2016
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 80906, CO
39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with renovated interiors, updated appliances, and a newer composite shingle roof.
Where is this quadplex located?
The property is located at 4240 Loomis Ave Colorado Springs, CO.
What are key features of this property?
This property features: Four‑unit quadplex with a 6.7% pro forma cap rate; Kitchen upgrades include dishwashers, microwaves, and refrigerators; Composite shingle roof installed in 2016
