Sell your multifamily property in Colorado Springs, CO: triplexes, fourplexes and small apartment buildings with tenants in place, Colorado's for-cause eviction and deposit rules, deferred maintenance across units, depreciation recapture and 1031 timing, and how a cash buyer closes. Written offer within 24 hours of our visit.
Small multifamily buildings in Colorado Springs, the fourplexes near Fort Carson and in the Southeast, the converted houses split into units near Downtown and in the Old North End, the 1970s eight-unit walkups along Academy Boulevard, were bought for cash flow that has thinned. Insurance premiums rose after the hail years, 2026 tax bills rose with reassessment, Colorado's 2024 for-cause eviction law changed how turnover works, and the buildings themselves have reached the age where roofs, boilers, sewer lines and parking lots come due at once. Owners who want out face a retail process that means inspections in every unit, a lender's appraisal of the rent roll, and months of uncertainty.
Colorado Springs Cash Buyers buys multifamily properties of two to roughly twenty units across Colorado Springs and El Paso County, fully occupied, partly vacant or empty. We buy as-is, take the tenants and leases, and close in about a week after a clean title search. This page explains how an occupied building transfers under Colorado law, what we need to price it, the tax points for owners, and why a cash buyer fits an aging small building.
How an occupied building transfers
Leases survive the sale. At closing the deposits are transferred to us with written notice to each tenant as Colorado requires, rents are prorated, and tenants are notified of the new owner and payment address. Month-to-month tenancies continue on the same terms. We do not require vacant units, we do not require you to give notice to anyone, and we visit units once, with notice to the tenants, rather than running repeated inspections.
What we need to price the building
The rent roll with current rents, deposits, lease terms and arrears; the last twelve months of income and expenses if you have them; the insurance declarations; and access to the common areas, mechanical rooms and a sample of units. We look at the roof, boilers or furnaces, water heaters, electrical service, sewer line, parking and drainage, and the condition of the units. The offer is based on the stabilized value of the building after the work it needs, minus that work, our carrying and resale costs and a margin, and it arrives in writing within 24 hours of the visit.
Colorado rules a buyer inherits
HB24-1098's for-cause requirements after twelve months of tenancy, the 10-day demand for nonpayment, deposit return deadlines, Colorado's habitability warranty, and local licensing where it applies. These become our responsibility at closing. If a unit has a non-paying tenant or a pending county court eviction, tell us; it changes the paperwork and the price slightly, not the decision.
Tax points for sellers
Depreciation recapture at up to 25 percent federally on the depreciation taken, capital gains on the appreciation, and Colorado income tax on the gain. A 1031 exchange defers both if a replacement is identified within 45 days and closed within 180, and a cash buyer with a firm closing date makes the clock manageable; we will also accommodate a reverse or delayed closing that fits your exchange. A tax professional should run your numbers.
Deferred maintenance across units
Small buildings accumulate the deferrals of each tenancy: a unit that has not been turned in ten years, a boiler on its last season, a sewer line that backs up into the lower units, a roof with three layers, parking that has gone to gravel. We price all of it and do the work after closing, often as units turn. Our contract has no inspection period, so a problem found in a unit we could not see does not reopen the price.
Next step
Send the address, the unit count and the rent roll. We arrange one visit with notice to the tenants, deliver a written offer within 24 hours, and close in about a week after a clean title search or on a date that fits your exchange. We pay the customary closing costs and there is no commission.
Selling to us vs. a traditional listing in Colorado Springs, CO
| Comparison | Traditional agent | For sale by owner | Colorado Springs Cash Buyers |
|---|---|---|---|
| Cash offer | Rarely | Rarely | Yes |
| Sell as-is | Repairs expected | Repairs expected | Yes |
| Time to a contract | roughly two months in Colorado Springs now | Often longer | 24 hours after the visit |
| Agent commission | About 6% | Buyer's agent usually paid | None |
| Closing costs | Paid by seller | Paid by seller | Customary costs paid by us |
| Showings | Yes | Yes | One visit |
| Financing fall-through | Possible | Possible | None, we fund it |
| Price cut after inspection | Common | Common | No inspection period |
| Closing date | Lender's schedule | Buyer's schedule | Yours |
Looking to buy, not sell?
This page is for owners selling. If you are an investor who buys in Colorado Springs and El Paso County, we occasionally have off-market properties we are not keeping. Leave your details and we will let you know when something fits; no spam, opt out any time.
We buy houses in Colorado Springs for any reason, any condition, or any challenge
Every link below is a page written for that situation in Colorado Springs and El Paso County.