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Steve Prewitt - Springs By Owner

steve@springsbyowner.com +1(719) 439-0241

$ 550,000

Est. payment -/mo

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325 Bonnie CT Colorado Springs, CO 80916

0.25 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2623084

Construction Status Existing

HOA Y/N No

Year Built 1971

Annual Tax Amount $2,091

Tax Year 2025

Lot Size 0.255 Acres

Property Sub-Type Fourplex

Property Description

Solid income-producing fourplex in Colorado Springs offering an excellent investment opportunity with immediate upside. Three of the four units are currently occupied, while the freshly updated vacant unit is ready for immediate lease or is ideal for an owner-occupant looking to house hack while generating rental income. The property features three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit in an up/down configuration, creating a desirable mix of unit sizes that appeals to a broad tenant base.

Several units have been updated, and the property offers functional, low-maintenance interiors with carpet, luxury vinyl plank flooring, vinyl flooring in kitchens and baths, electric range/ovens, full-size refrigerators, tub/shower combinations, and ample cabinet storage. Each unit includes its own dedicated storage closet, and tenants enjoy access to a shared coin-operated laundry room for additional owner income potential.

Major capital improvements include a new roof installed in 2022 featuring Class 4 impact-resistant shingles, along with an upgraded deck. Tenants currently pay all utilities except lawn care, helping minimize owner expenses. The property also offers ample open parking in the front with additional space available to add parking in the rear if desired. A fully fenced front yard with attractive rock landscaping provides low-maintenance curb appeal, while the wood-frame construction presents cleanly and professionally at an attractive price point.

Whether you're expanding your investment portfolio or searching for a property that allows you to live in one unit while collecting rental income from the others, this fourplex offers a compelling combination of cash flow potential, recent improvements, and future upside.

Buyer to verify all information, including square footage.

Location

State CO

County El Paso

Area Gaharts Sub Division

Interior

Cooling Ceiling Fan(s)

Fireplaces Number 1

Fireplaces Type None

Laundry Coin, Common

Exterior

Garage Spaces 4.0

Fence Front, See Prop Desc Remarks

Utilities Available Cable Connected, Electricity Available, See Prop Desc Remarks

Roof Type Composite Shingle

Building

Foundation Garden Level

Water Municipal

Structure Type Frame

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Special Listing Condition Broker Owned, Lead Base Paint Discl Req

Virtual Tour https://revlmedia.com/325-Bonnie-Ct

Listed by RE/MAX Alliance

NEARBY SCHOOLS & PROPERTIES

Steve Prewitt - Springs By Owner

Agent

+1(719) 439-0241

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