Active Under Contract

5535 Tomah Drive, Colorado Springs, CO, 80918

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5535 Tomah Drive, Colorado Springs, CO, 80918

8 Beds
4 Baths
3,348 SqFt
0.37 Acres

Listing Id

7352165
$699,900

EXCELLENT INVESTMENT OPPORTUNITY in established income-producing Fourplex, more than 25 years of reliable rental history, in highly desirable 80918 location! Each of the four units (~850 sq ft/ea) offers 2 bedrooms, 1 full bath, in-unit full size laundry hookups, and its own private 1-car ATTACHED GARAGE — providing four individual garage spaces directly serving the residential units. Each unit provides a practical two-story layout with defined living and dining space, full kitchen, two upper-level bedrooms, and a full bath. No HOA means no recurring association dues and greater operational flexibility for the next owner. BONUS: A separate 3-car detached garage at the rear of the property brings the total garage count to SEVEN, creating additional flexibility for storage, owner use, or potential supplemental income. NEW ROOF TO BE INSTALLED PRIOR TO CLOSING, addressing a significant capital expense from day one. Enjoy beautiful mountain views out the front of each unit, this investment property is ideally situated in central Colorado Springs with convenient access to Academy Blvd, Austin Bluffs Pkwy, UCCS, shopping, dining, employment centers, and major commuter routes. The location supports broad tenant appeal and long-term rental demand, with everyday amenities and services just minutes away. Whether you’re expanding your portfolio or seeking a solid income-producing property in a prime area, this property offers a strong foundation for continued long-term income production and portfolio growth.

Property Details
Price:
$699,900
MLS #:
7352165
Status:
Active Under Contract
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Vista Grande Terrace
Finished Sq Ft:
3,348
Lot Size:
16,300 sqft / 0.37 acres (approx)
Year Built:
1973
Vista Grande TerraceColorado Springs 11FremontRussellCoronado
Interior
Appliances
Dishwasher, Oven, Range, Refrigerator
Cooling
None
Flooring
Carpet, Laminate
Heating
Baseboard, Radiant
Laundry Features
In Unit
Levels
One
Exterior
Attached Garage YN
1
Construction Materials
Frame, Stucco, Vinyl Siding, Wood Siding
Garage Spaces
7
Patio And Porch Features
Front Porch
Roof
Composition
Schools
School District:
Colorado Springs 11
Elementary School:
Fremont
Middle School:
Russell
High School:
Coronado
Financial
Taxes
$2,720

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5535 Tomah Drive
Colorado Springs, CO