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

$598,900

$599,900 (-0.17%)

$0/mo

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Multifamily

2,220 Sq. Ft.

4 Bedrooms

0 Bathrooms

345 Days on market

9053306 MLS ID

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About 2003 W Colorado Avenue 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

Appliances & Equipment

"Dishwasher", "Disposal", "Dryer", "Microwave", "Oven", "Range", "Refrigerator", "Washer"

Basement

Basement

"Cellar", "Partial"

Bathrooms

3 total baths

Bedrooms

4 total bedrooms

Building

Above Grade Finished Area: 2072

Below Grade Finished Area: 0

Below Grade Unfinished Area: 148.00

Construction Materials: "Frame"

Levels: "Two"

Living Area: 2072

Occupant Type: Tenant

Structure Type: "Triplex"

Total Area: 2220

Unit Count: 3

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

Built in 1900

Cooling

Cooling: "None"

Disclosures

Attribution Contact: jensellshomesco@gmail.com,719-332-9239

Exclusions: n/a

Restrictions Covenants

Restrictions Covenants: Other

Heating

Heating: "Baseboard", "Hot Water"

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: "Multiple Locations"

Listing

Listing Id: REC9053306

Standard Status: Active

Mls Status: Active

Listing Contract Date: 2023-05-17

Listing Terms: "Cash", "Conventional"

Original List Price: $624,900

Special Listing Conditions: "None"

Location

County Or Parish: El Paso

Subdivision Name: Rustic Home Add Colo City

Lot

Parcel Number: 74114-19-002

Energy Saving

Green Verification Count: 0

Owner Pays

Owner Pays: "Trash Collection"

Ownership: Individual

Parking

Parking Total: 6

Carport Spaces: 0

Offstreet Spaces: 6

Reserved Spaces: 0

RV Spaces: 0

Parking Count: 1

Property

Livable Structure Count: 0

Out Building Count: 0

Property Sub Type: Triplex

Zoning: C5

Roof

Roof: "Composition"

Schools

Elementary School: West

Elementary School District: Colorado Springs 11

Middle Or Junior School: West

Middle Or Junior School District: Colorado Springs 11

High School: Coronado

High School District: Colorado Springs 11

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 1632

Legal Description: LOT 15 BLK 2 RUSTIC HOME ADD COLORADO CITY COLO SPGS

Tax Year: 2022

Tenant Pays

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

Utilities

Power Production Count: 0

Water Source: "Public"

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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State

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Unreal Estate checked: Aug 8, 2023 at 4:38 p.m.

Data updated: Aug 4, 2023 at 6:04 a.m.

Courtesy of Coldwell Banker Beyond jensellshomesco@gmail.com,719-332-9239
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 are marked with the IDX Logo. This information is being provided for the consumers\’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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Listing Information © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved. 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

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