4310 Loomis
Colorado Springs, CO 80906
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In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.
🏦 Loan Details
- List Price
- $530,000
- Assumable Rate
- 4.07%
- Remaining Balance
- $411,406
- Loan Type
- FHA
- Est. Equity Gap
- $421,688
- Annual Taxes
- $2,645
About This Home
Cash flow meets Colorado charm at 4310 Loomis Ave. This 10-bed, 4-bath fourplex in unincorporated El Paso County isn’t just a property—it’s a versatile income producer with multiple exit strategies.\r \r With two 3-bedroom units and two 2-bedroom units, the layout strikes the ideal balance—spacious, efficient, and highly rentable. Previously operated as successful short-term rentals, you can ride the Airbnb wave or pivot to stable long-term tenants. Currently, 3 of the 4 units are on month-to-month leases, giving you immediate flexibility to reposition and optimize rents.\r \r Built in 1972, the property offers solid construction and functional layouts that keep maintenance predictable and tenants satisfied.\r \r Value-add is where this deal shines. Utilities and WiFi are currently owner-paid—transitioning to tenant-paid services offers an immediate NOI boost. Add coin-operated laundry and fine-tune management to unlock even more upside.\r \r The oversized lot opens the door for added parking or future expansion. Plus, seasonal demand peaks in summer, driving higher occupancy and rental income.\r \r Location ties it all together—minutes from The Broadmoor, Cheyenne Mountain State Park, Broadmoor World Arena, and central Colorado Springs. With quick access to major employers and military bases, tenant demand here isn’t a question—it’s a constant.\r \r What makes this a smart buy:\r 1. Proven income with flexible rental strategy\r 2. Durable construction, efficient layouts\r 3. Clear value-add (utilities, laundry, rent growth)\r 4. Strong demand in 80906\r 5. Expansion and optimization potential\r 6. Month-to-month leases allow quick repositioning\r \r Bottom line: Cash flow now, upside tomorrow—an asset that performs however you choose to run it.\r \r Open House: Saturday 4/25 | 1–3 PM
Data Source: REcolorado MLS
Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.
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