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1051 Mazatlan Cir
Multi-Family
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$675,000

1051 Mazatlan Cir, Colorado Springs

180+ days
8 bd·4 ba·0 sqft
Built 19847,841 sqft lotSoutheast Colorado Springs

1051 Mazatlan Cir, Colorado Springs, CO

8 bd · 4 ba · 0 sqft Multi-Family listed at $675,000, built in 1984 in the Southeast Colorado Springs neighborhood.

About this home

One unit recently updated. All units occupied! Instant cash flow! This fully rented fourplex consists of 4X 2 bedroom/1 bathroom units. Each condo offers a spacious living room complete with fireplace and private balcony, all kitchen appliances included, and ample off-street parking. Window A/C units included. Conveniently located near local military bases, bus lines, Valley Hi Golf Course, Memorial Park, The Citadel Shopping Center, dining, I-25, Academy Boulevard, and more! Feeds to Harrison School District: Pikes Peak Elementary, Carmel Middle, and Harrison High School. Solid rental history with the opportunity to increase rents and ROI in the future.

Property details

Price
$675,000
Bedrooms
8
Bathrooms
4
Year built
1984
Lot size
7,841 sqft
Type
Multi-Family
Days on market
180
Est. property tax
$3,443/yr · $287/mo · 0.51% CO avg
Last sold
$650,000 · Jun 2022

Estimated monthly payment

Down payment20% ($135,000)
Interest rate6.75%
Principal & Interest$3,502
Property Tax$619
Insurance$150
Total$4,271/mo

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Price history

$728K$410K$92K$185K on Nov 84 (Sold)$145K on Feb 97 (Sold)$420K on Oct 18 (Initial list)$650K on Jun 22 (Sold)$675K on Oct 25 (Initial list)
$185K · Nov 84$675K · Oct 25
  1. Oct 28, 2025$675,000Initial list price
  2. Jun 22, 2022$650,000Sold
  3. Oct 27, 2018$420,000Initial list price
  4. Feb 5, 1997$145,000Sold
  5. Nov 1, 1984$185,000Sold

Location

This home is located in Colorado Springs, CO. Browse more Colorado Springs listings on the Colorado Springs market page or explore the full Colorado Springs market report.

About Colorado Springs: Colorado Springs is a home rule city that is the county seat of, and the most populous city in, El Paso County, Colorado, United States. The city had a population of 478,961 at the 2020 census, a 15.02% increase since 2010. Colorado Springs is the second-most populous city and most extensive city by area in the state of Colorado, and the 40th-most-populous city in the United States. It is the principal city of the Colorado Springs metropolitan area, which had 755,105 residents in 2020, and the second-most prominent city of the Front Range Urban Corridor. It is located in east-central Colorado on Fountain Creek, 70 miles (113 km) south of Denver. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 239 dry days per year and 21.8 inches of annual rainfall.

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