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Buy a multi-family propertyat 1822 E Pikes Peak Ave, Colorado Springs, CO 80909

$525,000

$550,000 (-4.55%)

$0/mo

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Multifamily

2,240 Sq. Ft.

4,850 Sq. Ft. lot

356 Days on market

5513373 MLS ID

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About 1822 E Pikes Peak Ave multi-family property

Here is a freshly remodeled 3/1 and 2/1 duplex rental unit. Being Zoned C6 for commercial use, the top unit could be a great space for a business. The location gets a lot of traffic for signage and there are 4 spaces to park out front. This would make a great live-work situation. Have your mortgage, CPA, or any business up top and live in the garden-level unit below or just keep it as a duplex rental. The top is currently rented to a long-term tenant month to month for $1350.00 per month. The bottom unit is vacant but rented for $1250.00 per month recently. The upper unit has new tile bathroom flooring, new entry tile, and a new tile kitchen floor. Two bedrooms have original maple flooring that have been refinished and look amazing. There is new carpeting in the living room and the 3rd upstairs bedroom. There is a new gas stove and disposal in place and the kitchen cabinets have been completely resurfaced. The garden level of the duplex has new paint, new carpet and window coverings. It also has new tile flooring in the kitchen, bathroom and entry. This unit has a full bedroom with a pretty big closet and another room that could be used as an office or bedroom, but it does not currently have a closet. The remodeled kitchen comes with a new stove, new tile floor, newly painted cabinets and a fridge. The bathroom has NEW tile floors, a shower tub surround, medicine cabinet, and toilet. The large living room has a new window, entry tile & carpeting. The unit has a north-facing ground-level private entry and off-street parking for 2 cars. There is a free shared laundry room and bus stop out front. Tenant pays for gas and electricity and any other of their own chosen utilities. Property Management pays for trash service and water. There is a fenced yard and a one-car garage. Call or text Nick at 303-476-8454 to schedule a showing appointment. Please do not disturb the current tenants. All information is deemed reliable but not guaranteed.
Here is a freshly remodeled 3/1 and 2/1 duplex rental unit. Being Zoned C6 for commercial use, the top unit could be a great space for a business. The location gets a lot of traffic for signage and there are 4 spaces to park out front. This would make a great live-work situation. Have your mortgage, CPA, or any business up top and live in the garden-level unit below or just keep it as a duplex rental. The top is currently rented to a long-term tenant month to month for $1350.00 per month. The bottom unit is vacant but rented for $1250.00 per month recently. The upper unit has new tile bathroom flooring, new entry tile, and a new tile kitchen floor. Two bedrooms have original maple flooring that have been refinished and look amazing. There is new carpeting in the living room and the 3rd upstairs bedroom. There is a new gas stove and disposal in place and the kitchen cabinets have been completely resurfaced. The garden level of the duplex has new paint, new carpet and window coverings. It also has new tile flooring in the kitchen, bathroom and entry. This unit has a full bedroom with a pretty big closet and another room that could be used as an office or bedroom, but it does not currently have a closet. The remodeled kitchen comes with a new stove, new tile floor, newly painted cabinets and a fridge. The bathroom has NEW tile floors, a shower tub surround, medicine cabinet, and toilet. The large living room has a new window, entry tile & carpeting. The unit has a north-facing ground-level private entry and off-street parking for 2 cars. There is a free shared laundry room and bus stop out front. Tenant pays for gas and electricity and any other of their own chosen utilities. Property Management pays for trash service and water. There is a fenced yard and a one-car garage. Call or text Nick at 303-476-8454 to schedule a showing appointment. Please do not disturb the current tenants. All information is deemed reliable but not guaranteed.

Property details

Heating

Heating YN: t

Heating: "Forced Air"

House

Above Grade Finished Area: 1120

Below Grade Finished Area: 1120

Building Area Total: 2240

Construction Materials: "Block", "Concrete"

Lower Sq Ft: 1120

Total Sq Ft: 2240

Levels: "Two"

Living Area: 2240

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 2

Structure Type: "Duplex"

Year Built: 1951

Appliances and Equipment

Appliances: "Dishwasher", "Refrigerator"

Garage

Attached Garage YN: t

Covered Spaces: 1

Garage Spaces: 1

Garage YN: t

Garage Type: Attached

Basement

Basement: "Full", "90%+ Finished Basement"

Bathrooms

Bathrooms Total Integer: 2

Bedrooms

Bedrooms Total: 5

Location

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.833111

Longitude: -104.793602

MLS Area Major: Out of Area

Postal Code: 80909

State Or Province: CO

Street Dir Prefix: E

Street Name: Pikes Peak

Street Number: 1822

Street Suffix: Ave

Subdivision Name: J Cook Jrs

Unparsed Address: 1822 E Pikes Peak Ave Colorado Springs CO 80909

Cooling

Cooling: "Ceiling Fan(s)", "Attic Fan"

Cooling YN: t

Property

Direction Faces: South

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

View: "Plains View"

Utilities

Electric: "Electric"

Utilities: "Electricity Available"

Schools

Elementary School: Rogers

High School: Palmer

High School District: Colorado Springs 11

Middle Or Junior School: Galileo

Exterior Features

Exterior Features: "Balcony"

Patio And Porch Features: "Patio"

Fence

Fencing: "Partial"

Foundation

Foundation Details: "Slab"

Taxes

Has Metro Tax District: No

Tax Annual Amount: 974

Tax Year: 2022

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 234.38

Listing Id: 5513373

Listing Terms: "Cash", "1031 Exchange"

List Price: 525000

Mls Status: Active

Number Of Units Total: 2

Special Listing Conditions: "Other Owner"

Standard Status: Active

Laundry

Laundry Features: "Common Area"

Lot

Lot Size Acres: 0.11

Lot Size Area: 4850

Lot Size Square Feet: 4850

Lot Size Units: Square Feet

Miscellaneous

Other Structures: "Kennel/Dog Run"

Monthly cost

Estimated monthly cost

$3,236/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$493,500

+$15,750

$509,250

Seller agent commission$15,750 (3%)*

$0 (0%)

Buyer agent commission$15,750 (3%)*

$15,750 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $15,750 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 24, 2024 at 6:37 p.m.

Data updated: May 30, 2023 at 3:50 p.m.

Courtesy of Nicholas Bowman, HOUSE CALLS REALTY
This content last updated on 05/30/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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