Cheryl Riley

Cheryl Riley

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$835,000

($122,874 down)
VA

2115 Preuss Road, Colorado Springs, CO 80910

14
4
3,573 sqft
PITI Monthly
$5,079.01 /mo

Listing courtesy of: Will McCauley, Unique Properties LLC

Assumed Rate

6.92%
7.15%

Principal & Interest

$4,732 /mo
$4,843 /mo

What's Special

LOCATION
STAINLESS STEEL APPLIANCES
PATIO
INVESTMENT OPPORTUNITY
TURNKEY

2115 Preuss Rd, Colorado Springs is a 4-unit apartment building, including two large two bedroom, one-bathroom and two large three-bedroom, one-bathroom residences. Built in 1969 with classic wood frame construction and a composition shingle pitched roof, this property has undergone a complete renovation in 2024, featuring new flooring, white shaker cabinets, stainless steel appliances, countertops, and new tile bathrooms and vanities. No expense was spared in the tasteful improvements. The property was improved with several capital expenditure upgrades, including new windows, a refreshed painted exterior, and a perimeter fence. Additional enhancements in 2025 include an electric panel replacement, a newly paved driveway, sidewalk, and patio area, as well as xeriscaping for improved curb appeal and low-maintenance landscaping. This property also comes equipped with a wireless security camera system. Each unit offers additional storage units for personalized comfort. With its prime location, 2115 Preuss Rd presents a turnkey investment opportunity with immediate cash flow. This property offers a 7.73% cap rate and 9.32% cash-on-cash return!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.92
Remaining Loan Term
29 years, 4 months
Monthly PITI
$5,079.01/mo
Estimated Loan Balance
$712,748
Cash to close
$122,874
Interest Paid
$32,980

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 14
  • Bathrooms: 4
Cooling & Heating
  • Cooling: None
  • Heating: Baseboard
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Architecural Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Quadplex
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Architecural Shingle
Condition
  • Year Built: 1969
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Prospect Park
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $233.7
  • Tax Annual Amount: $1567
  • On Market Date: 2025-04-08T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $122,874 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $122,874!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage6.92% Sellers Rate
$712,126
Your Cash$122,874
Total Purchase Price:$835,000

Assumed vs Traditional Mortgage

Assumed @ 6.92%
$4,732/mo
Traditional @ 7.15%
$5,023/mo
You save $291/month ($3,497/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC9943254

Listing From: recolorado

Last updated: 2025-04-11T00:13:20.000Z

© , recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

6.92%
7.15%

Principal & Interest

$4,732 /mo
$4,843 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $122,874 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $122,874!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage6.92% Sellers Rate
$712,126
Your Cash$122,874
Total Purchase Price:$835,000

Assumed vs Traditional Mortgage

Assumed @ 6.92%
$4,732/mo
Traditional @ 7.15%
$5,023/mo
You save $291/month ($3,497/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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