Colorado Springs, CO 80916,2521 Astrozon CIR
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Colorado Springs, CO 80916,2521 Astrozon CIR
Colorado Springs, CO 80916,2521 Astrozon CIR
Colorado Springs, CO 80916,2521 Astrozon CIR
Colorado Springs, CO 80916,2521 Astrozon CIR
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$ 650,000
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2521 Astrozon CIR Colorado Springs, CO 80916

3,536 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,536 sqft

Price per Sqft $183

Subdivision Pikes Peak Park Sub No 28 Resub Of Lot 1

MLS Listing ID 8059195

HOA Y/N No

Abv Grd Liv Area 3,536

Year Built 1984

Annual Tax Amount $1,942

Tax Year 2024

Property Sub-Type Quadruplex

Source recolorado

Property Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today's renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency.

This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs.

Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado's most dynamic rental markets.

Location

State CO

County El Paso

Zoning R5 AO

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Roof Type Other

Garage No

Building

Sewer Public Sewer

Level or Stories Two

Structure Type Wood Siding

Schools

Elementary Schools Giberson

Middle Schools Panorama

High Schools Sierra High

School District Harrison 2

Others

Senior Community No

Ownership Individual

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition None


REColorado (REColorado MLS)
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Soaring Eagles Elementary School

    Public | KG - 5

  • 7

    James Irwin Charter Elementary School

    Public | KG - 5

  • 6

    Turman Elementary School

    Public | KG - 5

  • 6

    Giberson Elementary School

    Public | KG - 5

  • 6

    Wildflower Elementary School

    Public | KG - 5

  • 6

    Widefield Elementary School

    Public | KG - 5

  • 5

    Mountain Vista Community School

    Public | KG - 8

  • 5

    Centennial Elementary School

    Public | KG - 5

  • 5

    Atlas Preparatory School

    Public | 5 - 9

  • 5

    Sand Creek Elementary School

    Public | KG - 5

  • 5

    Bricker Elementary School

    Public | KG - 5

  • 5

    French Elementary School

    Public | KG - 5

  • 4

    Rogers Elementary School

    Public | PK - 5

  • 4

    Pikes Peak Elementary School

    Public | KG - 5

  • 4

    Monroe Elementary School

    Public | PK - 5

  • 4

    Roosevelt Edison Charter School

    Public | PK - 5

  • 3

    Pinello Elementary School

    Public | KG - 5

  • 2

    Monterey Elementary School

    Public | KG - 5

  • 0

    Space Technology and Arts Academy (Star Academy)

    Public | KG - 8

  • 0

    Spring Creek Youth Services Center

    Public | 5 - 12

Middle Schools 5
  • 7

    Sproul Junior High School

    Public | 6 - 8

  • 5

    James Irwin Charter Middle School

    Public | 6 - 8

  • 2

    Panorama Middle School

    Public | 6 - 8

  • 1

    Carmel Middle School

    Public | 6 - 8

  • 1

    Jack Swigert Aerospace Academy

    Public | 6 - 8

High Schools 4
  • 6

    James Irwin Charter High School

    Public | 9 - 12

  • 5

    Widefield High School

    Public | 9 - 12

  • 3

    Sierra High School

    Public | 9 - 12

  • 0

    Discovery High School

    Public | 9 - 12

School and business data provided by Attom Data.
Catherine Martin

Catherine Martin

Advisor | License ID: 100083503

+1(303) 419-7367

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2521 Astrozon CIR