$1,095,000
Active
44 Days Online
8 Beds5 Baths3,802 SQFT
Active

1617 N Chestnut St Colorado Springs, CO 80907

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Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

  • Property TypeMulti-Family
  • NeighborhoodBauer Sub Fil 1
  • CountyEl Paso
  • Taxes$2,640
  • HOA/Condo/Coop Fees$0
  • Days on Site43 Days
  • MLS StatusActive
  • MLS ID Number9011885
  • Home Size Source Appraiser
  • Year Built1919
  • Lot Size0.4 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Stucco
  • Sewer Public Sewer
  • Basement FullPartially Finished
  • Number of Stories 2
  • Acreage 0.4
  • Property Sub Type Multi Family
  • Attached Garage No
  • Utilities Electricity Available
  • Zoning R2, UV
  • Garage None
  • Tenant Pays GasElectricityWaterTrash Collection

Interior Features

  • Cooling Ceiling Fan(s)
  • Heating Hot Water
  • Appliances DishwasherRefrigeratorWasherDryer
  • Fireplace Features None
  • Fireplace No
  • Basement Foundation FullPartially Finished

Exterior Features

  • Roof Composition
  • Fencing Fenced
  • Spa No
  • Waterfront Property No
  • Lot Corner LotLevel
  • Fences Fenced
  • Waterfront No

Community Features

  • Senior Community No
  • MLS Area Out of Area
  • Accessibility Features Level Lot

Schools

School District
Colorado Springs 11
Elementary School
Bristol
Middle School
North
High School
Coronado

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Monthly Payment (Est.)

$5,502
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