Investorâ??s Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenantsâ??keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
Stellar investment opportunity in growing downtown Colorado Springs. Two structures - a large duplex/fourplex and a turn of the century cottage. All units are fully leased with great rental income. The duplex/4plex features almost 3,500 square feet, 4 entrances. Two main level 2 bed/1 bath apartments, two lower level 1 bed/1 bath apartments, two laundry rooms. The cottage is over 1,500 sq ft, 3 bedrooms, 1 bath main level laundry. The property has a 2 car detached garage and a 1 car detached garage. Freshly painted exterior, new sewer line, newer furnaces, newer appliances and water heaters. The property is located in the popular Shooks Run community and located within a short distance to the best coffee shops, the amenities of downtown, multiple parks and Memorial Hospital. Amazing opportunity for a great cash flow rental property.
You don't want to miss this downtown gem of a property with TWO detached homes on the same lot! There is so much you could do here: two rentals, live in one and rent the other, multi-family, multi-generational, short term rental, (buyer will be responsible for confirming with city/county STR eligibility) tons of possibilities. Both homes have tons of personality and just need someone to restore their vintage charm. Their proximity to downtown, a quiet street just dripping with charm PLUS two homes make this one you will want to see. These homes were rentals for quite some time and are part of an estate.
According to the city the property is Located in Opportunity Zone and an Enterprise Zone. Contact city for benefits. Unique, rare and amazing home with plenty of off street parking. This R5, three bedroom, two bath home is only a block away from the seasonal farmers market and holiday ice skating in Acacia Park. Palmer High School is right up the street. This large charming two story home is conveniently located between Wahsatch and Weber. Imagine the possibilities for future use. Live in and enjoy Downtown Colorado Springs. Currently used as a month to month rental, this property has also been used as an office and a residential residence.
Remodeled, fully tenant occupied duplex near downtown with easy access to anywhere in Colorado Springs. New roof, new appliances, upgraded 200 amp electrical panel, and more.
Welcome to an impeccably restored 1910 Craftsman Bungalow with a modern enhancement unlike few in town. This incredible property features a modernized antique main home with 4 bedrooms and 4 bathrooms, as well as a separate 3-bedroom, 3-bath 2-story ADU-cottage built in 2015. After lingering on the spacious full-width front porch, entering the main home is rewarded with luminous, sunny livability. Beamed ceilings provide detail, original quarter sawn oak floors and arts and crafts-era window and door trim provide story and character, and original stained-glass transom windows playfully filter brilliant sunlight. The main living room boasts a modernized gas fireplace with period-correct hearth, while the dining room features a massive built-in buffet with both upper and lower cabinetry and a mirrored bar. The primary suite offers a walk-in closet and attached bath suite, raised double vanities and a walk-in rain shower. Thereâ??s even a generous walk-in closet. A bonus sunroom provides extra space to relax. Also on the main level is the front bedroom, enhanced by a library of bookcases. It also has a generous closet and direct en suite access to a bath with stunning slipper tub. The kitchen embraces the era while delighting in function, with cherry shaker cabinetry, granite counters, and stainless steel appliances. The finished attic upstairs provides additional living space with two bedrooms and a 3/4 bath. Outside, a detached two-car garage with electric gate access adds convenience, while a spacious concrete patio with gas lines for both a grill and fire pit is perfect for outdoor entertaining. The cottage has a modern quartz kitchen, main-level en suite primary, itâ??s own stackable laundry, and two bedrooms with a bath upstairs. Fencing delineates the two spaces enhancing privacy and enjoyment for both the main home and cottage. The rarest of opportunities: a piece of living history with modern amenities on one of the North Endâ??s architecturally-enchanting blocks.
Presenting a distinguished triplex residence poised for investment success. Strategically situated in downtown Colorado Springs near the corner of Wahsatch and Kiowa, each meticulously designed unit offers a blend of comfort and convenience, catering to discerning tenants and promising strong rental yields. Recent capital expenditure investments and remodels have enhanced the property's appeal, yet there remains ample opportunity for further improvement, allowing investors to maximize returns and elevate the property's value. Due to the flexible zoning it can and has been used as a commercial property for businesses as well. Not to mention the potential to knock down and re-develop the property to the investors liking. Benefiting from its central location (5 minutes from the main downtown strip), residents enjoy seamless access to a wealth of amenities, underscoring the property's desirability and rental potential. This is a rare chance for astute investors to secure a valuable asset in a thriving market. Do not let this opportunity pass – schedule a viewing today to explore the possibilities of this exceptional triplex residence.
-Attention investors, here's an opportunity you won't want to miss! Nestled in the heart of Downtown Colorado Springs, this 7-unit multi-family income property is an ideal investment opportunity. Most of the units have been updated along with some plumbing, electrical, and windows. Conveniently located within walking distance to all downtown amenities and Just minutes to I-25, and schools. . This property promises convenience and potential for solid returns. Call listing agent for details.
Location, Location, Location there is a reason the property is always in demand. Each unit has its own character and flare. Unit A and Unit B have their own laundry hook ups. All units currently are all leased out for 1 year. This property has a newer electric panel. Unit A has its own furnace while unit B and C have baseboard heating. This property has it's own security cameras that come with the property. This property also has ran as an Air /bnb for along time and the license would transfer with property. Seller also has all the furniture in storage if someone wanted to continue running it as a Air bnb. Come check this income producing property out.
The median home value in Colorado Springs, CO is $440,500. This is lower than the county median home value of $456,200. The national median home value is $338,100. The average price of homes sold in Colorado Springs, CO is $440,500. Approximately 58.22% of Colorado Springs homes are owned, compared to 37.29% rented, while 4.49% are vacant. Colorado Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Colorado Springs real estate agent to arrange a tour today!
Colorado Springs, Colorado 80903 has a population of 475,282. Colorado Springs 80903 is less family-centric than the surrounding county with 34.37% of the households containing married families with children. The county average for households married with children is 34.68%.
The median household income in Colorado Springs, Colorado 80903 is $71,957. The median household income for the surrounding county is $75,909 compared to the national median of $69,021. The median age of people living in Colorado Springs 80903 is 34.9 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 18.4 inches per year, with 57.3 inches of snow per year.