4166 Orchid St Colorado Springs, CO 80917

Property Details for 4166 Orchid St

Year built

2024

Property size

5,198 SF

Property type

Residential income homes

Description

Exceptional investment opportunity: a brand-new, two-unit duplex in Colorado Springs, CO (80917), boasting 5,198 square feet of net rentable space. This Class A property, built in 2024, offers a compelling 5% capitalization rate and a pro-forma NOI of $50,000. Each unit features four bedrooms, four bathrooms, a two-car attached garage, and a fully finished basement. High-end finishes include granite countertops, shaker-style cabinets, stainless steel appliances, and luxury vinyl tile flooring throughout the main living areas. The open-concept design maximizes space and natural light, while the fenced backyards provide privacy. Situated on a private cul-de-sac in the Reserve at Park Vista community, this property benefits from a central location, close proximity to major thoroughfares (Academy, Powers, Austin Bluffs, UCCS, and Palmer Park), and a wide array of shopping and dining options. The property is currently vacant, presenting immediate rental income potential. Additional features include 2x6 construction, low-maintenance stucco exterior, a 95% efficient furnace, central air conditioning, and xeriscaped front yards. The asking price is $979,800, with a price per unit of $489,900 and a price per square foot of $188.50. Zoned R5. A 4.99% fixed interest rate may be available to qualified buyers. Move-in ready.