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33174520
33174522

209 North Arcadia Street, Colorado Springs, CO 80903

LC
CO 100035892
Live Dream Colorado LLC
Listed by Live Dream Colorado LLC
$799,900
37 days on market
Updated 5 days ago
Opportunity zone

Exciting Shooks Run Multi-Family

Details
APN 6417208016
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,412
Units 4
Cap Rate 9.45%
NOI $75,600
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.98%
Pro-Forma NOI $55,819
Price per SqFt $332
Broker Co-Op True
Year Built 1900
Buildings 1
Stories 2
Acreage 0.090
Zoning R-2

This profitable property consists of four fully furnished rental units.

Marketing description

Unit 1 is a two-story space with a groovy 1960’s theme! This unit walks out to the back parking lot. Unit 2 is a single level studio apartment with a Murphy bed and a 1930’s design! Unit 3 is two stories with a cozy interior and drive-up parking at the front, and no units above or below it. Unit 4 has a Mid Century style. This garden level space features direct access to the laundry room. Three units operate as monthly furnished rentals, while the garden level unit is currently rented as an annual furnished rental.

There is a parking lot for a total of three off-street parking spaces, as well as plenty of street parking. There’s a very nice large patio and sitting area in the back of the property. Enjoy a Pikes Peak view and alley access also.

The on-site laundry room includes owned coin-operated washer and dryer for a little extra income. A central boiler serves the whole property. Each unit has portable A/C included. Owner provides one internet connection which the building shares. The rents include utilities and trash. Plumbing has been upgraded to PEX. The units have been operated pet-free and smoke-free!

This property has been in huge demand with many loyal visitors planning their visits in advance to make sure they get to stay here.

Investment highlights

Exciting Shooks Run Multi-family will kick-start your real estate investment portfolio! This profitable property consists of four fully furnished rental units! Walkable to Shooks Run Trail and Downtown Colorado Springs, the location can’t be beat! Owned and operated with tender loving care, every piece of décor has been selected to tell a story. Guests and tenants love staying here!

Listing Contacts

LC
CO 100035892
Live Dream Colorado LLC
Listed by Live Dream Colorado LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$75,600.00
$6,300.00/mo

Valuation Metrics

0
DSCR
9.45%
Cap Rate
9.45%
ROI

Map

Zoning

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R-2 ResidentialTwo FamilyTwo Family
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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