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Buy a multi-family propertyat 2003 W Colorado Ave, Colorado Springs, CO 80904

$598,900

$599,900 (-0.17%)

$0/mo

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Multifamily

2,072 Sq. Ft.

339 Days on market

9053306 MLS ID

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About 2003 W Colorado Ave multi-family property

Incredible investment opportunity and priced to move quickly! LOCATION, LOCATION, LOCATION! This income property is 4 blocks from the heart of Old Colorado City and within walking distance to everything OCC has to offer! This triplex just received a brand new roof and received a complete interior renovation in 2017 including but not limited to: soft close cabinets, granite, recessed lighting, wide plank flooring, tile flooring, white shaker cabinets in the kitchens, and remodeled bathrooms. Unit 1 and 3 have a common laundry room with a washer and dryer in the unfinished basement while Unit 2 has a 2017 stackable washer/dryer. All kitchen appliances in all 3 units are 2017 or newer. There is parking behind the property that allows for up to 6 cars. Tenants will surely appreciate not having to find parking along the street! Foundation was checked and passed by a structural engineer. The opportunities abound with this property to rent all 3 units as is the current situation, or eventually occupy one of the units while the other units are being rented, or with C5 zoning, you could utilize one of the units for a business. You could also research and possibly venture into the Air B&B market. The location is perfect for this opportunity! Don't miss out on seeing this property and recognizing the financial freedom it could bring you!
Incredible investment opportunity and priced to move quickly! LOCATION, LOCATION, LOCATION! This income property is 4 blocks from the heart of Old Colorado City and within walking distance to everything OCC has to offer! This triplex just received a brand new roof and received a complete interior renovation in 2017 including but not limited to: soft close cabinets, granite, recessed lighting, wide plank flooring, tile flooring, white shaker cabinets in the kitchens, and remodeled bathrooms. Unit 1 and 3 have a common laundry room with a washer and dryer in the unfinished basement while Unit 2 has a 2017 stackable washer/dryer. All kitchen appliances in all 3 units are 2017 or newer. There is parking behind the property that allows for up to 6 cars. Tenants will surely appreciate not having to find parking along the street! Foundation was checked and passed by a structural engineer. The opportunities abound with this property to rent all 3 units as is the current situation, or eventually occupy one of the units while the other units are being rented, or with C5 zoning, you could utilize one of the units for a business. You could also research and possibly venture into the Air B&B market. The location is perfect for this opportunity! Don't miss out on seeing this property and recognizing the financial freedom it could bring you!

Property details

Building

Above Grade Finished Area: 2072

Below Grade Finished Area: 148

Building Area Total: 2220

Construction Materials: "Wood/Frame"

Lower Sq Ft: 148

Total Sq Ft: 2220

Levels: "Two"

Living Area: 2072

Living Area Source: Appraiser

Living Area Units: Square Feet

Stories: 2

Year Built: 1900

Appliances & Equipment

Appliances: "Dishwasher", "Refrigerator", "Washer", "Dryer", "Microwave", "Disposal"

Basement

Basement: "Partial"

Bathrooms

Bathrooms Total Integer: 3

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Bedrooms

Bedrooms Total: 4

Location

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.842579

Longitude: -104.855553

MLS Area Major: Out of Area

Postal Code: 80904

State Or Province: CO

Street Dir Prefix: W

Street Name: Colorado

Street Number: 2003

Street Suffix: Ave

Subdivision Name: Rustic Home Add Colo City

Unparsed Address: 2003 W Colorado Ave Colorado Springs CO 80904

Garage

Covered Spaces: 6

Garage Spaces: 6

Garage YN: t

Garage Type: Off Street

Schools

Elementary School: West

High School: Coronado

High School District: Colorado Springs 11

Middle Or Junior School: West

Heating

Heating: "Hot Water", "Baseboard"

Heating YN: t

Unit One

Bedrooms Unit 1: 1

Est Sq Ft Unit 1: 498

Number 1 Bedroom Units: 2

Number Of Units Unit 1: 1

Rent Unit 1: $850

Total Baths Unit 1: 1

Unit Two

Bedrooms Unit 2: 2

Est Sq Ft Unit 2: 1013

Number 2 Bedroom Units: 1

Number Of Units Unit 2: 1

Rent Unit 2: $1,300

Total Baths Unit 2: 1

Unit Three

Bedrooms Unit 3: 1

Est Sq Ft Unit 3: 561

Number Of Units Unit 3: 1

Rent Unit 3: $925

Total Baths Unit 3: 1

Property

Crops: None

Property Attached YN: t

Property Condition: "Not New, Previously Owned"

Property Sub Type: Attached Dwelling

Property Type: Residential Income

Home Owner's Association

Has HOA Covenants: t

Taxes

Has Metro Tax District: No

Tax Annual Amount: 1632

Tax Year: 2022

Water Features

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 269.77

Listing Id: 9053306

Listing Terms: "Cash", "Conventional"

List Price: 598900

Mls Status: Active

Number Of Units Total: 3

Special Listing Conditions: "Private Owner"

Standard Status: Active

Lot

Lot Size Units: Square Feet

Parking

Other Parking: Parking Per Unit(2 Spaces/Unit)

Tenant Pays

Tenant Pays: "Gas", "Electricity", "Water"

Monthly cost

Estimated monthly cost

$3,692/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$562,966

+$17,967

$580,933

Seller agent commission$17,967 (3%)*

$0 (0%)

Buyer agent commission$17,967 (3%)*

$17,967 (3%)*

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

Get $17,967 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 19, 2024 at 5:21 p.m.

Data updated: Aug 4, 2023 at 5:45 a.m.

Courtesy of Jennifer Koslowsky, Coldwell Banker Beyond jensellshomesco@gmail.com,719-332-9239
This content last updated on 08/04/2023. 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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