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$760,000

For Sale - Active
2248 Glenn St, Colorado Springs, CO 80904
3 Beds
3 Baths
1,824 Square Feet
0.10 Acres Lot
Built in 2020
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 18, 2025 at 06:39AM

Investment Summary


Monthly Cash Flow
-$1,513
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Property Description


0.10 Acres Lot
Built in 2020
For Sale - Active
1 Units

Welcome to this Westside Modern Home located near Downtown, Manitou Springs, Old Colorado City, and I-25. Built in 2020, this unique home offers 10ft ceilings on the main level and up to 12ft ceilings on the third floor with incredible Front Range views from two upper level decks! Roll-up doors open from the living room and from the primary bedroom to the decks with fabulous vistas. Pikes Peak and Garden of the Gods greet you from sunrise to heavenly sunset. Steel-and-glass forward exterior with straight lines, geometric construction, angled metal roof designed by award-winning Echo Architecture. Sleek open interior. Vaulted foyer. Golden wood tone commercial grade LVT floor throughout. White quartz waterfall kitchen island, charcoal striated infinity cabinets, creative hex tile backsplash in textile texture. Fireplace with banquet in living room. Owner’s retreat has private West-facing balcony and 5-piece bath with luxurious shower, deep soaking tub. Dark charcoal large format floor tile, mosaic shower tile, large 3D white wall tile with angle detail, warm wood striated modern cabinets, black granite with grey vein. Two more bedrooms upstairs. Guest bath has geologically-inspired floor tile in charcoal, light grey shower wall tile, contrasting waterfall tile feature. Double vanity, oversized shower with bench, white washed striated cabinets, black granite. Matte black plumbing fixtures, door handles. Laundry on main has sink, window, quartz counter, textile textured hex tile accent wall. Powder bath has unique white and blond wood chevron tile floor and feature wall. Drywalled tuck-under garage has large storage room. All-electric solar-ready. Central A/C, recirculating hot water. 2x6 construction, steel I-beams, steel-reinforced concrete engineered slab. Offered fully furnished including all appliances and décor! Minutes to shopping and dining, world-famous Garden of the Gods, and popular Bear Creek Park. The best of Colorado Springs!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Concrete, Lighted, Storage, Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Unfinished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Roof Type: Gable or Hip
  • Roof Material: Metal

HOA

  • Association: Glenn Heights HOA

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 7411111021
  • Lot Size: 4360 sqft

Property Information

  • Property Type: Townhouse
  • Style: Urban Contemporary
  • Year Built: 2020

Tax Information

  • Annual Tax: $654

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: El Paso

Listing Details


Listed by:
Lauren Collier
Live Dream Colorado LLC
(719) 272-1765

Source:
REColorado
MLS#: 2833187
REColorado

Investment Summary


Monthly Cash Flow
-$1,513
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$760,000
Amount financed:
-$608,000
Down payment:
$152,000
Closing costs:
$22,800
Rehab costs:
$0
Initial cash invested:
$174,800
Square feet:
1,824
Cost per square foot:
$417
Monthly rent per square foot:
$1.70

Financing Details

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Loan amount:
$608,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,597
Property tax:
$55
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,869

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (2%)
2%-$55-$654
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (27%)
27%-$830-$9,954

Cash Flow


Monthly Yearly
Net operating income:
$2,084 $25,008
Mortgage payments:
-$3,597 -$43,164
Cash flow:
$1,513 $18,156