INVESTOR SPECIAL - SOLD AS IS! Great investment opportunity close to Patty Jewett. Three income units / buildings on one lot. Single Family House, plus Detached Garage Apartment with One Car Garage, plus Detached Cottage. 1) Single Family Home - 4Bed/2Bath (2 Beds are non-conforming) Home features real hardwood floors, eat-in kitchen, and tons of natural light. Possibility of creating duplex in main home. Owner started remodel, but decided to sell AS IS! Home furnace may need repair, but electrical baseboard heat works well. 2) Next door, the detached 1Bed/1Bath Garage Apartment features private entrance, built in bookcase, NEW furnace in 2020, and separate bath and kitchen. Connecting door to One Car Garage provides ample storage for car, tools, and a workshop. Attic in Garage holds hidden treasures - live out your "American Pickers" dream. But WAIT - there's MORE! 3) Detached 1Bed/1Bath, 500 sqft cottage is separately metered! Features newer carpet, paint, and electrical panel all in 2019. Lots of light, and immediate rental income. One block from Shooks Run, and near the coveted Patty Jewett Golf Course. Neighborhood boasts wide streets, mature trees, and friendly neighbors. Owner rented Cottage, Garage Apartment, and addition in home for 15+ years. Zoned R-2, but 3-4 income streams possible. With today's market, you're looking at a high return on investment!
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Location
1229 N El Paso Street, Colorado Springs, CO 80903
Status
Sold
Property Amenities
Interior
Laundry roomElectric Hook-up
Area & Lot
Lot Area6,250 Sq.Ft.
MLS® ID8114940
School DistrictColorado Springs 11
Architecture StylesWood Frame
TypeCommercial
StatusSold
Exterior
Air conditioningCeiling Fan(s)
Heat typeBaseboard, Electric, Natural Gas
Water SourceMunicipal
RoofComposite Shingle
UtilitiesElectricity, Natural Gas
Finance
Sales Price$445,000
Real Estate Tax$1,685 yearly
Work With Us
Gary and his team focus on his commitment to providing their clients with first class, 5 star service, before, during and after the transaction.