1117 Cree Drive, Colorado Springs, CO 80915

Colorado Springs
Local realty services provided by:ERA Teamwork Realty
1117 Cree Drive,Colorado Springs, CO 80915
$599,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: chet owen phelps
Office: red dragon realty, inc.
MLS#:5581460
Source:CO_PPAR

Price summary

  • Price:$599,000

About this home

INVESTMENT OPPORTUNITY | FOURPLEX | CIMARRON HILLS | NEAR PETERSON SFB 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,...

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Home facts

  • Year built:1970
  • Listing ID #:5581460
  • Added:1 day(s) ago
  • Updated:September 07, 2026 at 03:11 PM

Rooms and interior

  • Kitchen Description:220v in Kitchen, Cook Top, Disposal, Oven, Refrigerator, Self Cleaning Oven

Heating and cooling

  • Cooling:Ceiling Fan(s)
  • Heating:Forced Air

Structure and exterior

  • Year built:1970
  • Lot area:0.2 Acres

Utilities

  • Water:Assoc/Distr
  • Sewer:Sewer

Finances and disclosures

  • Price:$599,000
  • Tax amount:$2,769 (2025)

Features and amenities

  • Laundry features:Coin, Dryer, Electric Hook-up, Gas Hook-up, Washer
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