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Image 1 - 1099 Westmoreland Rd, Colorado Springs, Colorado, 80907 - House for sale
Image 2 - 1099 Westmoreland Rd, Colorado Springs, Colorado, 80907 - House for sale
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Image 4 - 1099 Westmoreland Rd, Colorado Springs, Colorado, 80907 - House for sale
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Home For Sale In Colorado Springs, Colorado
1099 Westmoreland Rd, Colorado Springs, Colorado, 80907

Home For Sale In Colorado Springs, Colorado

house for sale
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Listed: 04/19/24

1099 Westmoreland Rd, Colorado Springs, Colorado, 80907

8 Bed:
4 Bath:
3,240 Sq Ft Living Area:
Save
Price
$ 766,660

About This House

Cushman and Wakefield is pleased to present 1099 Westmoreland Road, a quadraplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the thriving northside submarket of Colorado Springs, CO. The property offers all 2-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods, University Village andUCCS. 1099Westmoreland Road is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property has one vacant unit.

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Colorado Springs Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near Colorado Springs, United States averaged $390,752, an increase of 6.3% from the previous month.
Median price trends for properties for sale in Colorado Springs, United States as of May 2024.

Household Income

Median household income: $65,331
Number of households: 181,745
The average household income in Colorado Springs, CO grew from $59,514 to $65,331 in the past year. This data is an estimate based upon 181,745 households in Colorado Springs, CO.
The chart below presents how household income is distributed in Colorado Springs, CO in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Colorado Springs, CO compared to median property taxes around the country. The prevalent amount of property taxes in Colorado Springs, CO equals $800-$1,500 , which is less than the national average.