Colorado Springs, CO 80916,Address not disclosed
Colorado Springs, CO 80916,Address not disclosed
Colorado Springs, CO 80916,Address not disclosed
Colorado Springs, CO 80916,Address not disclosed
Colorado Springs, CO 80916,Address not disclosed
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$625,000

$625,000

Est.Price: ?

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Est. payment /mo

3,536 SqFt


SOLD DATE : 09/12/2025

Key Details

Sold Price $625,000

Property Type Single Family Home

Sub Type Income Property

Listing Status Sold

Purchase Type For Sale

Square Footage 3,536 sqft

Subdivision Pikes Peak Park Sub No 28 Resub Of Lot 1

MLS Listing ID 1929098

Sold Date 09/12/25

HOA Y/N false

Abv Grd Liv Area 3,536

Year Built 1984

Annual Tax Amount $2,390

Property Sub-Type Income Property

Source REcolorado

Property Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today's renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency.

This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs.

Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado's most dynamic rental markets.

Location

State CO

County El Paso

Area Out Of Area

Zoning R5 AO

Interior

Heating Forced Air

Exterior

Roof Type Other

Building

Story 2

Sewer City Sewer, Public Sewer

Level or Stories Two

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools Giberson

Middle Schools Panorama

High Schools Sierra High

School District Harrison 2

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by Andrew Stephens • Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. • andrew.stephens@marcusmillichap.com,303-328-2034
Bought with NON MLS PARTICIPANT

Get More Information

Chris McGrath

Chris McGrath

Realtor® Associate | License ID: 040032454

+1(970) 371-7595

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