Excellent rental history and nestled in the heart of Historic Manitou Springs, this 5-plex is updated and situated in a prime location! Walking distance to all that Manitou has to offer!
Opportunity to own a mixed-use building in the heart of Manitou Springs! This mid-century modern building has 4 commercial units on the ground level and 4 one-bedroom units on the upper level. This property could be both an investment and owner-occupied property. As an owner-occupied property, there is easy access to downtown Manitou Springs, Soda Springs Park across the street and numerous hiking trails that are within walking distance. Two of the 1-bedroom residential units could be combined to create a larger owner unit if desired. There is adequate on street parking in the Residential Parking Permit (RPP) area that runs from the Ruxton Ave. intersection to Minnehaha to the west. There are 4 parking spaces in front of the property that are available for retail customers from 9 am to 6 pm daily. There is additional land behind the building that is terraced. This area could be used for future building or outside area for owner or residents. There is a small un-rented space on the first floor that the owners have used as an office. This could be converted to a laundry room for the residents.
The median home value in Manitou Springs, CO is $580,000. This is higher than the county median home value of $456,200. The national median home value is $338,100. The average price of homes sold in Manitou Springs, CO is $580,000. Approximately 46.53% of Manitou Springs homes are owned, compared to 43.09% rented, while 10.38% are vacant. Manitou 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 Manitou Springs real estate agent to arrange a tour today!
Manitou Springs, Colorado has a population of 4,912. Manitou Springs is more family-centric than the surrounding county with 38.35% of the households containing married families with children. The county average for households married with children is 34.68%.
The median household income in Manitou Springs, Colorado is $65,703. 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 Manitou Springs is 42.8 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.3 degrees. The average rainfall is approximately 18.5 inches per year, with 53.7 inches of snow per year.