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Buy a multi-family propertyat 3620 W Pikes Peak Ave, Colorado Springs, CO 80904

$650,000

$0/mo

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Multifamily

2,150 Sq. Ft.

11,250 Sq. Ft. lot

265 Days on market

8214099 MLS ID

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About 3620 W Pikes Peak Ave multi-family property

Welcome to 3620 W Pikes Peak Avenue, where three separate homes (all with main-level living and off-street parking!) are situated on one parcel of land located in the heart of Old Colorado City! Currently, the homes on this property are long-term rentals, however it can also serve as a Primary Residence from which homeowners can enjoy the luxury of a primary home, utilize as multi-generational living, live in one home and keep the others as rental homes, convert to short term rentals with city approval, or simply enjoy having designated spaces for areas such as hobbies or hosting! A plethora of nearby amenities such as parks and recreation, restaurants, shopping, and schools, contribute to the major appeal of this property! Residents are able to enjoy the countless appeals of the west side such as Garden of the Gods State park, mountain views, and its close proximity to areas such as Downtown Colorado Springs, Red Rocks Open Space, Manitou Springs, easy access into the mountains via US-24 West, as well as I-25 access to commute to other places, and more! Please note, the total square footage of 870 listed for this property does not include the square footage of the other two homes. The square footage of the other two homes is as follows: 840 sq ft (720 main level above grade sq ft, 120 basement that is 0% finished) and 560 sq ft (main level, above grade sq ft, 0 basement). The sum sq ft of all three ranch style homes is 2x270 sq ft!).
Welcome to 3620 W Pikes Peak Avenue, where three separate homes (all with main-level living and off-street parking!) are situated on one parcel of land located in the heart of Old Colorado City! Currently, the homes on this property are long-term rentals, however it can also serve as a Primary Residence from which homeowners can enjoy the luxury of a primary home, utilize as multi-generational living, live in one home and keep the others as rental homes, convert to short term rentals with city approval, or simply enjoy having designated spaces for areas such as hobbies or hosting! A plethora of nearby amenities such as parks and recreation, restaurants, shopping, and schools, contribute to the major appeal of this property! Residents are able to enjoy the countless appeals of the west side such as Garden of the Gods State park, mountain views, and its close proximity to areas such as Downtown Colorado Springs, Red Rocks Open Space, Manitou Springs, easy access into the mountains via US-24 West, as well as I-25 access to commute to other places, and more! Please note, the total square footage of 870 listed for this property does not include the square footage of the other two homes. The square footage of the other two homes is as follows: 840 sq ft (720 main level above grade sq ft, 120 basement that is 0% finished) and 560 sq ft (main level, above grade sq ft, 0 basement). The sum sq ft of all three ranch style homes is 2x270 sq ft!).

Property details

Garage

Garage YN: t

Covered Spaces: 4

Garage Spaces: 4

Garage Type: Off Street

Building

Above Grade Finished Area: 2150

Architectural Style: "Ranch"

Below Grade Finished Area: 120

Building Area Total: 2270

Construction Materials: "Wood/Frame"

Lower Sq Ft: 120

Total Sq Ft: 2270

Living Area: 2150

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 1

Year Built: 1910

Basement

Basement: "Partial"

Bathrooms

Bathrooms Total Integer: 4

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: 5

Location

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Latitude: 38.857792

Longitude: -104.883759

MLS Area Major: Out of Area

Postal Code: 80904

State Or Province: CO

Street Dir Prefix: W

Street Name: Pikes Peak

Street Number: 3620

Street Suffix: Ave

Subdivision Name: Arensdale

Unparsed Address: 3620 W Pikes Peak Ave Colorado Springs CO 80904

Utilities

Electric: "Electric"

Utilities: "Electricity Available"

Schools

Elementary School: Howbert

High School: Coronado

High School District: Colorado Springs 11

Middle Or Junior School: Holmes

Heating

Heating: "Wall Furnace"

Heating YN: t

Unit One

Bedrooms Unit 1: 1

Est Sq Ft Unit 1: 560

Number 1 Bedroom Units: 1

Number Of Units Unit 1: 1

Rent Unit 1: $995

Unit Two

Bedrooms Unit 2: 2

Est Sq Ft Unit 2: 840

Number 2 Bedroom Units: 2

Number Of Units Unit 2: 1

Rent Unit 2: $1,389

Unit Three

Bedrooms Unit 3: 2

Est Sq Ft Unit 3: 870

Number Of Units Unit 3: 1

Rent Unit 3: $1,295

Property

Crops: None

Property Attached YN: t

Property Condition: "Fixer", "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: Yes

Tax Annual Amount: 1370

Tax Year: 2022

Water Features

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 286.34

Listing Id: 8214099

Listing Terms: "Cash", "Conventional", "FHA", "VA Loan"

List Price: 650000

Mls Status: Active

Number Of Units Total: 3

Standard Status: Active

Laundry

Laundry Features: "Common Area"

Lot

Lot Size Acres: 0.26

Lot Size Area: 11250

Lot Size Square Feet: 11250

Lot Size Units: Square Feet

Parking

Other Parking: Parking Per Unit(1 Space/Unit)

Monthly cost

Estimated monthly cost

$4,007/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$611,000

+$19,500

$630,500

Seller agent commission$19,500 (3%)*

$0 (0%)

Buyer agent commission$19,500 (3%)*

$19,500 (3%)*

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

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Unreal Estate checked: Apr 18, 2024 at 11:22 p.m.

Data updated: Jul 30, 2023 at 10:44 a.m.

Courtesy of Colin Smith, Solid Rock Realty ColinSmith@SolidRockRe.com,719-232-6709
This content last updated on 07/30/2023. 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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