1099 Westmoreland Road

Colorado Springs, CO 80907

$766,660
Price
8
Beds
4
Baths
3,240 Sq. Ft.
$237 / Sq. Ft.
3,240
Sq. Ft.
$237
per Sq. Ft.

Description

Cushman & 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...Cushman & 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 and UCCS. 1099 Westmoreland 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.
  1. Listed by Nic Polaski • Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074

Property Details for 1099 Westmoreland Road

Structure Type
Quadruplex
Levels
Two
Stories
2
Subdivision Name
Colorado Springs
Association
No
Basement
No

Location

Listing Courtesy of Cushman & Wakefield, Nic Polaski
Add your commute
LISTING UPDATED: 04/15/2024 03:45 PM

Property Details for 1099 Westmoreland Road

StatusActive
MLS #6807582
Days on Compass222
Taxes$1,573 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size-
CountyEl Paso County

Location

Listing Courtesy of Cushman & Wakefield, Nic Polaski
Add your commute

Building Information for 1099 Westmoreland Road

Stories-Residences-Year Built1972Building Size-Lot Size-

Payment Calculator

$4,315 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,184

Property Taxes

$131

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1099 Westmoreland Road

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 3240
  • Sqft Total: 3240
  • Living Area (SqFt Finished): 3240
  • Above Grade Finished Area: 3240
  • Living SqFt: 3240
  • Area Source: Public Records
  • PSF Total: 237
  • PSF Above Grade: 237
  • PSF Finished: 237
  • Master on Main: No
  • Heating: Baseboard
  • Cooling: None
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 8
Bathrooms
  • Bathrooms Total: 4
Unit Information
Unit 1
  • Unit Type: 2 Bedroom
  • Units Total: 4
  • Unit Average Rent: $1,148.00
  • Beds Total: 2
  • Baths Total: 1
Parking
Parking
  • Attached Garage: No
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 4
  • Parking Count: 4
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
  • Senior Community: No
Site & Location Information
School Information
  • Elementary School: Bristol
  • Elementary School District: Colorado Springs 11
  • Middle Or Junior School: Holmes
  • Middle Or Junior School District: Colorado Springs 11
  • High School: Doherty
  • High School District: Colorado Springs 11
Site & Location Information
  • Zoning: R5
  • Property Exclusions: None
Building Information
Green Features
  • Green Verification Count: 0
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Brick, Stucco
  • Roof: Architecural Shingle
  • Common Walls: 2+ Common Walls
  • Livable Structure Count: 0
  • Unit Count: 1
Water & Utilities
Water & Utilities
  • Water Source: City Sewer, Public Sewer
  • Sewer: Public Sewer

Property History for 1099 Westmoreland Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1099 Westmoreland Road

Taxable ValueLand$3,410Additions$24,700Total$28,110
Tax Record2022$1,573 ($131 / month)
Home Facts
Total Finished SqFt3,240 SqFtAbove Grade Finished SqFt3,240 SqFtStories1Lot Size9,374 SqFtStyleQuadraplexYear Built1972ZoningR5CountyEL PASOAPN6329312014

Schools near 1099 Westmoreland Road

This home is within Colorado Springs 11 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicPK to 5

Mann Middle School
Public6 to 8

Coronado High School
Public9 to 12

CIVA Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1099 Westmoreland Road is a multi-family home for sale in Colorado Springs, CO 80907. This property was listed for sale on August 21, 2023 by Cushman & Wakefield, it's currently listed at $766,660. It has been on the market for a total of 222 days and was last sold on December 20, 2021. This listing's school district is Colorado Springs 11 School District. Nearby schools include Edison Elementary School, Mann Middle School and Coronado High School. 1099 Westmoreland Road is a 8-bed, 4-bath, 3,240 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cushman & Wakefield, Nic Polaski

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.