1301-1307 E Caramillo ST new Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80909
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2663777
Construction Status Existing
HOA Y/N No
Year Built 1951
Annual Tax Amount $1,759
Tax Year 2024
Lot Size 0.323 Acres
Property Sub-Type Fourplex
Property Description
Rare turnkey investment opportunity in the highly sought-after Patty Jewett neighborhood. Directly across the street from Patty Jewett Golf Course, this fully remodeled four-plex offers a unique combination of modern updates, strong rental appeal, and an unbeatable location near downtown and the Old North End.
Built in 1951 and thoughtfully updated throughout, this single-level ranch-style building features four nearly identical 2-bedroom, 1-bath units, each with its own private laundry and private backyard. Three of the units include personal hot tubs, and all units come fully furnished, offering an easy move-in or immediate rental setup for short-term, mid-term, or traditional long-term strategies.
The property spans over 3,100 square feet and has been well maintained, with all four units receiving complete interior renovations. The floor plans are efficient and comfortable, and the exterior layout provides privacy rarely found in multifamily properties.
Whether you are expanding your portfolio or acquiring your first income property, opportunities like this in the Patty Jewett area are uncommon. This is a true turnkey multifamily asset in one of Colorado Springs' most desirable and established neighborhoods.
This property is currently operated as a short-term rental and holds four legal Non-Owner Occupied Short-Term Rental permits. These permits were issued after the 2019 STR ordinance went into effect, establishing a 500-foot spacing buffer in which no additional legal Non-Owner Occupied STR permits may be issued while these permits remain active.
A new owner who wishes to operate short-term rentals would need to apply for their own permits after closing and must meet all current City of Colorado Springs requirements at the time of their application. There are no guarantees regarding future permitting, and buyers are encouraged to conduct their own due diligence.
Location
State CO
County El Paso
Area Golf Club Acres
Interior
Cooling Other
Laundry Electric Hook-up
Exterior
Fence Rear
Utilities Available Electricity Connected,Natural Gas Connected,Other
Building
Water Municipal
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition See Show/Agent Remarks
Unit 4
Beds 2
Baths 1
Rent Price 3200
Occupied N
Furnished Y
Unit 3
Beds 2
Baths 1
Rent Price 4000
Occupied N
Furnished Y
Unit 1
Beds 2
Baths 1
Rent Price 4175
Occupied N
Furnished Y
Unit 2
Beds 2
Baths 1
Rent Price 4700
Occupied N
Furnished Y