6995 Lexington Drive

Colorado Springs, CO 80918

$1,350,000
Price
Beds
8,913 Sq. Ft.
$151 / Sq. Ft.
8,913
Sq. Ft.
$151
per Sq. Ft.

Property Details for 6995 Lexington Drive

StatusActive
MLS #8916993
Year Built2003
Days on Compass83
Compass TypeOther
MLS TypeResidential Income / Commercial
Lot Size1.77 AC / 77,247 SF
Taxes$30,477 / year
Condo/Co-op Fees-
HOA Fees-
CountyEl Paso County

Listing Agent

Kim Choi

RE/MAX ALLIANCE

KimChoi.RE@gmail.com

P: 970.226.3990

M: 970.402.3582

Contact Agent(s)

Property Details for 6995 Lexington Drive

Neighborhood
Colorado Springs
Parking Count
1
Parking Features
Driveway-Asphalt
Zoning
C6 P
Exterior Features
Fence, Patio
View
City View

Description

This property includes 2 units - 6995 & 7015 Lexington Dr. - that are being sold together. Good opportunity to acquire an investment property, an 8,913 SF building in Colorado Springs, Colorado. 1.77 acre lot is in large retail shopping complex with residential backup. this subject property is currently leasing to Hub Car Wash and Fuju until 2026. This fully leased property is neighboring to the good businesses, which include Burger King, Walgreens, La Casita, Kinder Care, and Valvoline oil change.

Location

Listing Courtesy of RE/MAX ALLIANCE, Kim Choi

Building Information for 6995 Lexington Drive

Stories-Residences-Year Built2003Lot Size1.77 AC / 77,247 SF

Payment Calculator

$7,395 per month

30 year fixed, 3.51% Interest

Principal and Interest

$4,856

Property Taxes

$2,540

HOA Dues

$0

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Property Information for 6995 Lexington Drive

Summary
    Location and General Information
  • Status: Active
  • Style Characteristics: Free Standing
    Parking
  • Total Offstreet Spaces: 58
  • Parking Total Searchable: 58
    Taxes and HOA Information
  • Tax Legal Description: LOT 3 NORTHWOODS RETAIL CENTER FIL NO 4 PLAT 10858
  • Tax Year: 2018
Property
    Lot Information
  • Lot Size Acres: 1.77
  • Parcel Number: 63101-16-021
  • Road Surface: Paved Road
    Property and Assessments
  • Exclusions: Tenants' personal properties and fixtures as indicated in the lease agreements.
  • Features: Fire Sprinkler
  • County Or Parish: El Paso
  • Status Conditions: None Known
  • Sqft Total: 8913.0
    Utilities
  • Cooling: Air Conditioning-Individual
  • Green Has Energy Green Features: No
  • Heating: Forced Air
  • Utilities: Cable TV, Internet Access (Wired), Telephone
Interior and Exterior Features
    Exterior Features
  • Construction Materials: Stucco
  • Construction Methods: Frame
  • Roof: Unknown
  • Building Area Source: County Records
    Interior Features
  • Basement Size: None
  • Above Grade Sq Ft: 8913
  • Finished Sq Ft: 8913
Multi Family
    Multi-Family Information
  • Annual Expense Actual: $100,062
  • Annual Expense Proj: $100,062
  • Annual Income Actual: $186,902
  • Annual Income Proj: $186,902
  • Annual Net Income Actual: $86,840
  • Annual Net Income Proj: $86,840
  • Business Type: Auto/Truck Related, Restaurant
  • Capitalization Rate: 6.40%
  • Gross Operating Income: $186,902
  • Income Includes: Rent
  • Insurance Expense: $7,740
  • Maintenance Expense: $5,000
  • Other Expense: $56,000
  • Real Estate Taxes: $30,526
  • Utility Metering: Common Electric, Common Gas, Common Water
Rental Information
    Rental Information
  • Lease Duration: Multi-Year
  • Lease Expiration: 12-01-2026
  • Potential Rental Income Annual: $186,902

Schools near 6995 Lexington Drive

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Rocky Mountain Montessori AcademyPrivate0.5 mi
NR
Frontier Elementary SchoolPublicPK-50.7 mi
4
Liberty High SchoolPublic9-121.9 mi
7
Timberview Middle SchoolPublic6-82.0 mi
7

Rocky Mountain Montessori Academy

0.5 mi, Private

NR

Frontier Elementary School

PK-5, 0.7 mi, Public

4

Liberty High School

9-12, 1.9 mi, Public

7

Timberview Middle School

6-8, 2.0 mi, Public

7

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

6995 Lexington Drive is for sale in Colorado Springs, CO 80918. This property was listed for sale on August 30, 2019 by RE/MAX ALLIANCE at $1,350,000. Nearby schools include Frontier Elementary School, The Classical Academy High School and Discovery Canyon Campus Elementary School. 6995 Lexington Drive is a 0-bed, 0-bath, 8,913 sqft built in 2003.

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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX ALLIANCE, Kim Choi
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