4050 Airport Road

Colorado Springs, CO 80910

Incomes Property  $485,000  Sold

11-30-2018 12:11pm

Property Description

This property has undergone extensive work and updating. Each units' kitchens and bathrooms were gutted and redone, and all flooring was replaced. Units were all painted and new appliances were installed. This property has been incredibly well maintained. All units are currently being used as an AirBnb, 2 of which have been used as an AirBnb for more than a year. The other 2 units were converted into AirBnb's within the last two months. Note the expenses only included AirBnB hosting and cleaning fees. Note, the rents in this listing are based on AirBnB rents collected minus any hosting and cleaning fees averaged over the months the data was collected.

Listing Details

MLS#
6685086
MLS Originator
REcolorado (Denver)
Off Market Date
10-31-2018 12:00am
Original Price
$499,000

Property Details

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
11-30-2018 12:11pm
Bedrooms
8
Bathrooms
4
SqFt
3240
Year Built
1972
Der PSF Total
149.69

Map

Property Level and Sizes

SqFt Lot
8100.00
SqFt Finished
3240
SqFt Above
3240

Financial Details

Sold Price
$485,000
Previous Year Tax
$632
Terms and Conditions
Cash, Conventional, FHA, VA
Transaction Type
For Sale

Interior Details

Interior Features
Remodeled, Updated
Appliances
Dryer, Refrigerator (Other), Stove/Range/Oven, Washer
Flooring
Carpet, Vinyl/Linoleum
Cooling
Air Conditioning-Room, Ceiling Fan
Heating
Forced Air
Heating Fuel
Gas

Room Details

Laundry Availability
Shared Laundry in Building

Exterior Details

Features
Fence, Front Porch
Base Size
None
Parking Spaces
1
Parking Features
Driveway-Asphalt
Vehicle Spaces
8
Type
# of Space
L x W
Description
Parking Lot
8
-

Exterior Construction

Building Type
Quadplex (all units)
Roof
Composition Shingles
Construction
Stucco, Wood Siding
Exterior Features
Fence, Front Porch
Construction Method
Frame
Builder Source
County Records

Schools

School District
Colorado Springs 11
Elementary School
Monroe
Middle School
Swigert
High School
Mitchell

Condominium Projections

Annual Actual Expenses
12610
Annual Projected Expenses
16967
Annual Actual Income
52542
Annual Projected Income
79139
Annual Actual Net Income
39932
Annual Projected Net Income
62172
Unit Furnished
0

Land Details

PPA
2552631.58
Lot Width
0.00
Road Surface
Paved Road

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