2107 Preuss Rd, Colorado Springs, CO 80910
Local realty services provided by:CENTURY 21 Cornerstone
2107 Preuss Rd,Colorado Springs, CO 80910
$600,000
- 10 Beds
- 4 Baths
- 3,573 sq. ft.
- Multi-family
- Active
Listed by: david gifford
Office: good neighbor llc720-665-7922
MLS#:5981324
Source:IRES
Price summary
- Price:$600,000
- Price per sq. ft.:$167.93
About this home
HUGE Price Reduction on this great investment - now offering a 7.44% Cao Rate! 2107 Preuss Road is a turnkey four-unit investment opportunity in Colorado Springs offering immediate income, a strong in-place cap rate, and meaningful upside. The 3,573-square-foot quadplex includes two 2-bedroom and two 3-bedroom units, with updated interiors, LVT flooring, newer carpet and appliances, and many more upgrades. Fully rented with optional management in place - this property is as turnkey as they come!
An ideal acquisition for the investor seeking dependable current cash flow with a clear value-add strategy, 2107 Preuss presents the opportunity to substantially increase revenue by converting units to fully furnished short-term (Airbnb or VRBO) or medium-term rentals (contact agent for compatibles - buyer to verify eligibility). Its larger two- and three-bedroom layouts are well suited to traveling professionals, military and government personnel, corporate relocations, medical travelers, and families in transition-tenant segments that often value furnished, utility-inclusive homes and flexible stays. Short-term and Medium-term furnished rentals commonly command a premium over conventional leases in exchange for convenience and flexibility.
With completed capital improvements, four spacious units, and a flexible path to higher-income furnished operations, this asset offers a compelling blend of current yield, operational stability, and future rental-growth potential.
NEW Offer price of $600,000-an exceptional value compared with a neighboring four-unit building that recently sold for $717,000, providing investors immediate basis advantage and compelling upside potential. Close to Memorial Park and Prospect Lake!
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Home facts
- Year built:1969
- Subdivision & Development:Not Applicable
- Listing ID #:5981324
- Added:55 day(s) ago
- Updated:October 07, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:4
- Living area:3,573 sq. ft.
Heating and cooling
- Heating:Electronic Air Filter
Structure and exterior
- Roof:Composition
- Year built:1969
- Building area:3,573 sq. ft.
- Lot area:0.21 Acres
- Construction Materials:Stucco
- Levels:2 Story
Schools
- High school:Palmer
- Middle school:Galileo
- Elementary school:Hunt
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$600,000
- Price per sq. ft.:$167.93
- Tax amount:$2,187
Parking
- Garage spaces:4
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