930 N El Paso St - 930 N El Paso St, Coloado Springs, CO 80903 3 Unit Apartment Building Offered at $899,000 at a 4.50% Cap Rate Colorado Springs, CO 80903

UNITS
Unit Sqft Beds Baths Garages Monthly Rent Furnished Occupied
1 1,015 2 1 0 $2,050 N Y
2 994 2 1 0 $1,700 N Y
3 994 2 1 0 $1,400 N Y
Total Units Beds: 6 Total Units Baths: 3 Total Units Garage: 0 Total Units Sqft: 3,003
Total Parking Spaces: 10 Total Monthly Rent: $5,150 Total Units Occupied: 3 Units Total: 3
Gross Rent Multiplier: 175
Owner Pays: Lawn Care, Trash
Tenant Pays: Electricity, Gas, Sewer, Trash, Water
FEATURES
Fireplaces: Main Level, One
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Laundry Facilities: Electric Hook-up
LOT
Legal Desc: E 92.0 FT OF LOT 13, E 92.0 FT OF N 4.5 FT OF LOT 14 MARY F HENDLEYS SUB BLK 226 ADD 1 COLO SPGS
Zoning: MX-T Zoning Entity: El Paso County
Acres: 0.115 Lot Sqft: 5,014
Alley: Fence: All
UTILITIES AND ENERGY
Well Total: Well Permit: No Well Permit #:
Heating: Electric, See Prop Desc Remarks, Wall Furnace
Cooling: Ceiling Fan(s), See Prop Desc Remarks, Wall Unit(s)
Existing Water: Municipal
Sanitation: Sewer
Existing Utilities: Electricity Connected, Natural Gas Connected
PROPERTY REMARKS
Property Description Remarks:
Fully Rented, Turn-Key Cash-Flow Triplex in Colorado Springs – Prime Investment Property! Attention investors: Secure a fully occupied, high-yield asset with zero deferred maintenance. This legally zoned triplex in Colorado Springs has undergone a massive capital improvement overhaul, offering immediate cash flow and maximized NOI. Perfect for portfolio expansion or a hands-off landlord looking for a premium income property. Each fully renovated unit features two bedrooms and one bathroom, laundry room with their own clothes washer and dryer. Major CapEx Upgrades: Brand-NEW roof (2026), new water heater, new radon mitigation system, and updated HVAC systems. Each unit now features its own independent, high-efficiency mini-split system for heating and A/C. Upper Unit: Fully remodeled with an updated luxury kitchen with quartz countertops, modern luxury bathroom, luxury vinyl plank (LVP) flooring, and fresh paint. Features high-demand in-unit washer/dryer and dishwasher hookups, keyless entry, and rebuilt indoor/outdoor stairs. Fresh paint, flooring and lighting. Main Unit: Features independent mini-splits, a refreshed kitchen with an upgraded gas oven, new lighting, and a refinished front porch with integrated tenant storage. Lower Unit: Maximized for tenant retention with a double-insulated ceiling for superior sound dampening, updated kitchen and bathroom, new dishwasher, and a clean, modern layout. Exterior: New exterior blue and white paint, low-maintenance landscaping with a new cobblestone patio, fully fenced and freshly painted fence, ambient security lighting, and proper water diversion with a buried drain line. This turnkey tri-plex multi-family property represents the ideal Colorado Springs real estate investment—combining strong rental history, and premium renovations that command top-market rent. Don't miss this recession-resistant multifamily home. Schedule your showing today!
School District: 11-Colorado Springs
Taxes: $2,512 Tax Year: 2025
BUILDING
Year Built: 1906
Construction Status: Existing
3 units, 2 beds, 1 bath each, in unit laundry
Structure: Framed on Lot, Wood Frame Square Foot Source: Assessor Records
Basement/Foundation: Full Basement
Roofing: Composite Shingle Window Type: Vinyl
Siding: Masonite Type