1820 Monterey Road, Colorado Springs, CO 80910
Local realty services provided by:ERA New Age
1820 Monterey Road,Colorado Springs, CO 80910
$625,000
- 8 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: nic polaskiNic.Polaski@cushwake.com,719-238-9074
Office: cushman & wakefield
MLS#:8164546
Source:ML
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Price summary
- Price:$625,000
About this home
Cushman & Wakefield is pleased to present 1820 Monterey Rd, a well-located multifamily investment opportunity in Southeast Colorado Springs. The property sits within an established residential neighborhood with convenient access to major thoroughfares like S Academy and I-25. 1820 Monterey Rd is located nearby employment such as Amazon Distribution & Innovation Park, and convenient access to retail & groceries, making it attractive to long-term renters.
The asset is comprised of townhome-style units featuring both front and rear entrances, offering added privacy and functionality. Each unit includes a desirable 2-bedroom, 1.5-bath layout, and gas and electric utilities are individually metered, allowing ownership to minimize operating expenses and efficiently manage utility costs.
The property has maintained solid occupancy and presents a clear value-add opportunity through rent growth to market levels and value add implementation. Additional features such as off-street parking and recent exterior improvements further enhance tenant convenience and overall property appeal, positioning 1820 Monterey Rd as a stable asset with long-term upside. Please call or text 417-459-2155 with any questions or inquiries....
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Home facts
- Year built:1984
- Listing ID #:8164546
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1984
- Lot Features:Corner, Cul-De-Sac
- Construction Materials:Frame, Stucco
- Levels:2 Story
Schools
- High school:Harrison
- Middle school:Panorama
- Elementary school:Monterey
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$625,000
- Tax amount:$2,158 (2025)
Features and amenities
- Laundry features:In Unit
Parking
- Total parking spaces:8
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