8,498 Sqft Lot
8,498 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5581460
Construction Status Existing
Year Built 1970
Annual Tax Amount $2,769
Tax Year 2025
Lot Size 8,498 Sqft
Acres 0.1951
Property Sub-Type Fourplex
Source Pikes Peak REALTOR® Services
Property Description
Don't miss this income-producing fourplex at 1117 Cree Drive in Colorado Springs' Cimarron Hills neighborhood. Four large 1-bedroom apartments (~625 sq ft each) offer a simple, in-demand floor plan that rents well to singles, couples, and military-adjacent tenants. Each unit has individually metered gas and electric. The landlord pays water, sewer, trash, and the house electric meter that serves exterior lighting and the on-site coin laundry.
Residents get practical extras that hold tenants: plenty of off-street parking in the fenced backyard, motion-activated security lighting, recently poured sidewalks, and a locked ~30 sq ft exterior storage closet for each apartment (some with power). Seller-owned coin-operated laundry (2 washers and 2 dryers) is an additional income stream, not a giveaway amenity.
All four units are leased and currently producing income. Every lease has expired and is now month-to-month, so a new owner can keep the existing tenants, reset rents, or re-tenant on their own terms. A bidirectional exterior sewer cleanout in the backyard makes maintenance access straightforward.
Location is a working renter's commute: minutes from Peterson Space Force Base, with convenient access to the Powers Boulevard corridor, Highway 24, Academy Boulevard, shopping, dining, and everyday services. Whether you want a turnkey fourplex for the rent roll, a long-hold east-side asset, or a property you can operate with low utility complexity, this is a clean, understandable four-unit investment. Schedule your showing today.
Location
State CO
County El Paso
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplaces Type None
Furnishings Existing
Window Features Vinyl
Appliance 220v in Kitchen, Cook Top, Disposal, Dryer, Oven, Refrigerator, Self Cleaning Oven, Washer
Laundry Coin, Electric Hook-up, Gas Hook-up
Exterior
Carport Spaces 4
Fence Rear
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Accessibility See Prop Desc Remarks
Building
Sewer Sewer
Water Assoc/Distr
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Tax ID 5407115018
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Nearby Locations