Selected for the Terner Labs Housing Venture Lab

2107 Preuss Road, Colorado Springs, CO 80910

Active
Listed 92 days ago
Owner-Occupant Eligible
$600,000

About $0 a month to live here, after the rent from the other homes.

Quadplex3,573 sqft10 beds4 bathsListed Aug 12, 2026

A fourplex. Live in one home and rent out the other three. How it works

Live here for about

$0a month

The other homes rent for $4,950, which covers the $3,701 monthly payment on these estimates.

Income to qualify: about $59,000 a year

With how much down?

At 20% down ($120,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $78,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$30,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

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! Contat agent for showings.

Quadplex

Property Type

9,333 sqft

Lot Size

1969

Year Built

Listing Date: 08/12/2026

Listed by: David Gifford

Listing office: Good Neighbor LLC

Contact: 312-805-3731

Source: REcolorado #5981324

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$600,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$600,000
Your Down Payment$120,000
Financed$480,000
Estimated Monthly Payment$3,701

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($120,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$3,701/month
Principal + Interest
$2,878
Property Taxes
$182
Home Insurance
$641
Rental Income (3 Units)
$4,950/month

From nearby rental comps.

Rental Expenses
-$891
Cost to live here
$-358/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

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MLS# 5981324 · Listing office: Good Neighbor LLC

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