41 photos
$695,000
1025 Magnolia St
Colorado Springs, CO 80907
Nathan Crumb, Keller Williams Realty DTC LLC · (303) 999-9625
What the listing says
Welcome to a turnkey income property at a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and holds up in person. The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents. Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
HOA
None
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Questions about owner financing in Colorado Springs
What is owner financing for 1025 Magnolia St?
Owner financing means the seller of 1025 Magnolia St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Colorado Springs, CO home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Colorado Springs home?
There is no standard down payment. The seller of this Colorado Springs home sets their own, and it is negotiable. Ask the seller or their agent.