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$325,000

$340,000 (-4.41%)

$0/mo

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Residential

1,608 Sq. Ft.

4,400 Sq. Ft. lot

4 Bedrooms

2 Bathrooms

524 Days on market

6033330 MLS ID

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No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.
No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.

Property details

House

Total Sq Ft: 2015

Above Grade Finished Area: 1608

Below Grade Finished Area: 407

Building Area Total: 1608

Construction Materials: "Wood/Frame"

Lower Sq Ft: 407

Levels: "Two"

Living Area: 1608

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 2

Year Built: 1900

Location

Latitude: 38.839382

City: Colorado Springs

Country: US

County Or Parish: El Paso

Locale: Colorado Springs

Longitude: -104.834526

MLS Area Major: Out of Area

Postal Code: 80905

State Or Province: CO

Street Dir Prefix: W

Street Name: Boulder

Street Number: 516

Street Suffix: St

Subdivision Name: Sherman

Unparsed Address: 516 W Boulder St Colorado Springs CO 80905

Appliances and Equipment

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

Basement

Basement: "Partial"

Bathrooms

Bathrooms Full: 2

Bathrooms Total Integer: 2

Bedrooms

Bedrooms Total: 4

Garage

Covered Spaces: 2

Garage Spaces: 2

Garage YN: t

Garage Type: Off Street

Schools

Elementary School: Bristol

High School: Coronado

High School District: Colorado Springs 11

Middle Or Junior School: Holmes

Heating

Heating: "Forced Air"

Heating YN: t

Property

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Residential-Detached

Property Type: Residential

Home Owner's Association

Has HOA Covenants: t

Taxes

Has Metro Tax District: No

Tax Annual Amount: 699

Tax Year: 2021

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Listing Id: 6033330

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

List Price: 325000

Mls Status: Pending

Special Listing Conditions: "Private Owner"

Standard Status: Pending

Lot

Lot Size Acres: 0.1

Lot Size Area: 4400

Lot Size Square Feet: 4400

Lot Size Units: Square Feet

Second Bedroom

Room Bedroom 2 Area: 100

Room Bedroom 2 Length: 10

Room Bedroom 2 Level: Main

Room Bedroom 2 Width: 10

Third Bedroom

Room Bedroom 3 Area: 100

Room Bedroom 3 Length: 10

Room Bedroom 3 Level: Main

Room Bedroom 3 Width: 10

Fourth Bedroom

Room Bedroom 4 Area: 100

Room Bedroom 4 Length: 10

Room Bedroom 4 Level: Main

Room Bedroom 4 Width: 10

Dining Room

Room Dining Room Area: 64

Room Dining Room Length: 8

Room Dining Room Level: Main

Room Dining Room Width: 8

Kitchen

Room Kitchen Area: 64

Room Kitchen Length: 8

Room Kitchen Level: Main

Room Kitchen Width: 8

Living Room

Room Living Room Area: 144

Room Living Room Length: 12

Room Living Room Level: Main

Room Living Room Width: 12

Primary Bedroom

Room Master Bedroom Area: 100

Room Master Bedroom Length: 10

Room Master Bedroom Level: Main

Room Master Bedroom Width

Monthly cost

Estimated monthly cost

$2,003/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$305,500

+$9,750

$315,250

Seller agent commission$9,750 (3%)*

$0 (0%)

Buyer agent commission$9,750 (3%)*

$9,750 (3%)*

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

Get $9,750 more selling your home
with an Unreal Estate agent

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State

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

Data updated: Mar 16, 2023 at 8:45 p.m.

Courtesy of Jerrod Butler, Wish Property Group Inc
This content last updated on 03/16/2023. 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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