Movoto Real Estate
David Carter of Call It Closed International Realty
  • Exterior
  • Other
  • Living
  • Kitchen
  • Bedroom
  • Bath
  • View/Area

8220 W Us Highway 24, Cascade, CO 80809

$815,000
  • 8

    bed

  • 4

    bath

  • 2,754

    Sqft ($296/Sqft)

Multi-family for sale 55 days

About 8220 W Us Highway 24

Property type Multi-family
Year built 1955
HOA fee $0/month
Lot size 2 Acre
Property description
Rare Ute Pass income play on 2 usable acres between Woodland Park and Colorado Springs - a fully-occupied 1955 fourplex with a 5+ year near-zero-vacancy track record and real capital already in the ground: upgraded electrical, all-new windows, and two turnkey-remodeled units (new kitchens, LVP flooring, paint, and appliances). Four 2-bed/1-bath units (~689 sf) with gas heat, gas ranges, refrigerators, and in-unit washer hookups; shared dryer, bear-proof trash, and a utility shed on the grounds. Lean operating profile - tenants cover electric, gas, and water; owner carries trash only. Unincorporated El Paso County has no short-term-rental permit requirement (buyer to verify) - pair that with two already-renovated units, a private drive, abundant parking, mountain views, and national-forest access, and the property reads as a compelling STR / mid-term-rental conversion or owner-occupant house-hack (FHA/VA financing possible on a 2-4 unit). Three of four units month-to-month by August leave clear mark-to-market and pet-premium upside. Financials, rent roll, and a short-term-rental analysis available to qualified buyers.
Listed by
Listing Agent - David Carter
Listing Office - Call It Closed International Realty
Source: REcolorado MLS mls logo
MLS#6707316 • last updated 1 month ago
Movoto checked REcolorado MLS for data 18 minutes ago
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Overview
Cooling/AC Attic Fan
Heating Natural Gas, Wall Furnace
Levels/Style One, Quadruplex
SubType Quadruplex
Type Residential Income
MLS # 6707316
SqFt 2754
Status Active
Lot Size (SqFt) 87120
Property Tax 2706
Year Built 1955
Condition Updated/Remodeled
Interior
Total # of Bathrooms 4
Total # of Bedrooms 8
Laundry Common Area
Flooring Vinyl
Exterior
Exterior Balcony
Construction Frame, Wood Siding
Roof Other
Fencing None
Parking Desc Unpaved
# Parking Spaces 8
Lot Features Foothills
Amenities / Utilities
Water Source Public
Location
View Mountain(s)
County El Paso
Subdivision Guier
Elem School Manitou Springs
High School Manitou Springs
Middle School Manitou Springs
Elementary School District Manitou Springs 14
Middle School District Manitou Springs 14
High School District Manitou Springs 14
APN 83232-00-042
Zoning R-T
Directions From The Stoplight In Cascade, Go Northwest On US Highway 24 For 0.9 Mile; Turn Right Into The Property, Then Right Up The Driveway - Property Is At The Top On The Left.
Multifamily Details
Owner Pays Trash Collection
Operating Expense 28327
Cap Rate 5.2
Gross Income 71040
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Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
7/100
Walk
58/100
Family
24/100
Dining
70/100
Pet
  • Real Estate
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  • El Paso County
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  • 80809
  • 8220 W Us Highway 24

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