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

$650,000

$0/mo

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Multifamily

2,270 Sq. Ft.

11,250 Sq. Ft. lot

5 Bedrooms

0 Bathrooms

277 Days on market

8214099 MLS ID

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About 3620 W Pikes Peak Avenue 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

Basement

Basement

"Partial"

Bathrooms

4 total baths

Bedrooms

5 total bedrooms

Building

Above Grade Finished Area: 2150

Below Grade Finished Area: 0

Below Grade Unfinished Area: 120.00

Construction Materials: "Frame"

Levels: "One"

Living Area: 2150

Occupant Type: Tenant

Structure Type: "Triplex"

Total Area: 2270

Unit Count: 3

Unit Types: "Array", "Array", "Array"

Built in 1910

Cooling

Cooling: "None"

Disclosures

Attribution Contact: ColinSmith@SolidRockRe.com,719-232-6709

Exclusions: Tenants Posessions

Restrictions Covenants

Restrictions Covenants: Other

Heating

Heating: "Wall Furnace"

Home Owner's Association

Association Fee Total Annual: $0

Association Fee Annual: 0.00

Association Fee 2 Annual Expense: 0.00

Association Fee 3 Annual Expense: 0.00

Laundry

Features: "Common Area"

Listing

Listing Id: REC8214099

Standard Status: Active

Mls Status: Active

Listing Contract Date: 2023-07-29

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

Original List Price: $650,000

Special Listing Conditions: "None"

Location

County Or Parish: El Paso

Subdivision Name: Arensdale

Lot

Acres: 0.26

Area: 11250

Parcel Number: 74033-17-007

Square Feet: 11250

Energy Saving

Green Verification Count: 0

Owner Pays

Ownership: Corporation/Trust

Parking

Parking Total: 4

Carport Spaces: 0

Offstreet Spaces: 4

Reserved Spaces: 0

RV Spaces: 0

Parking Count: 1

Property

Livable Structure Count: 0

Out Building Count: 0

Property Condition: "Fixer"

Property Sub Type: Triplex

Zoning: R5 HS

Roof

Roof: "Architecural Shingle"

Schools

Elementary School: Howbert

Elementary School District: Colorado Springs 11

Middle Or Junior School: Holmes

Middle Or Junior School District: Colorado Springs 11

High School: Coronado

High School District: Colorado Springs 11

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 1370

Legal Description: E 40 FT OF LOT 5, LOT 6 BLK 1 RESUB OF ARENSDALE COLORADO CITY COLO SPGS

Special Taxing District

Tax Year: 2022

Utilities

Power Production Count: 0

Utilities: "Electricity Connected", "Natural Gas Connected"

Water Source: "Public"

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

Get $19,500 more selling your home
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Unreal Estate checked: Aug 8, 2023 at 4:38 p.m.

Data updated: Jul 29, 2023 at 8:06 p.m.

Courtesy of Solid Rock Realty ColinSmith@SolidRockRe.com,719-232-6709
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The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

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