620 Forest Edge Road

Well-maintained and managed 4-plex for sale in the heart of Woodland Park, Colorado. The appeal of the location and quality of the units results in consistently low vacancy rates, less than 1/2% over the last 11.8 ownership years. The offering price should yield the Buyer an estimated 7.2% Cap rate. Rental Income & Expense Statement and Capitalization Rate estimates are available on MLS. The building boasts 3,168 square feet on over ½ acre, consisting of four two-level units, each with 792 square feet, 2 bedrooms, and 2 bathrooms. The main level is appointed with an open concept living room, kitchen, bedroom/office with closet, bathroom with shower, laundry space for full-size washer & dryer, and a sizable kitchen pantry. The loft master bedroom upstairs has a full bath (tub/shower combo) and a large walk-in closet. Each unit has access to a large detached one-car garage with an automatic door opener. Passive solar and zoned electric heat function well with very reasonable utility bills for tenants. Tenants pay utilities for their respective units (electric & water/sewer) with accounts in tenants’ names. The owner pays for electricity for the garage and trash. Bear-proof 3-yard trash dumpster on the grounds for tenant use. The .53 acres of land offers ample parking and potential for possible RV parking, carports or storage units. This 4-plex is centrally located in a sunny open neighborhood within walking distance to schools, churches, library, park, restaurant, hiking trail and municipal swimming pool and is within commuting distance to Colorado Springs, Divide, Florissant and Cripple Creek. Recent repairs and upgrades: Sewer main jet 2025, Repaired and upgraded perimeter drain 2024, LVP upgrade (620D) 2023, Cable laundry drain line (620D) 2023
This 4-plex is priced to sell. Schedule your showing today!