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$ 435,000
Est. payment | /mo
7,500 Sqft Lot
$ 435,000
Est. payment | /mo
7,500 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7271057
Construction Status Existing
HOA Y/N No
Year Built 1937
Annual Tax Amount $688
Tax Year 2024
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey Income Property | Duplex | R-4 Zoning | Development Opportunity
Exceptional investment opportunity in the rapidly growing Knob Hill area of Colorado Springs. This income-producing duplex offers immediate rental income, flexible leasing options, and significant future development potential on an R-4 zoned lot.
The property consists of two separate, fully furnished residential units that are well-suited for executive housing, corporate rentals, traveling professionals, military personnel, medical professionals, relocation clients, or traditional long-term tenants. The front residence is a spacious 2-bedroom, 1-bath home featuring updated finishes, a functional floor plan, dedicated workspace, and inviting outdoor living areas. The rear residence is a private 1-bedroom, 1-bath unit offering comfortable accommodations and independent living space.
Located in a highly accessible central Colorado Springs location, the property is minutes from Downtown Colorado Springs, Memorial Hospital, the Olympic & Paralympic Training Center, major military installations, shopping, dining, and employment centers. The area's strong demand for furnished and executive housing creates multiple income strategies for investors and owner-operators alike.
The true value-add opportunity lies in the expansive R-4 zoned lot. The rear portion of the property provides potential for additional residential development, allowing investors to explore increased density and future income growth opportunities. Buyers should verify zoning, development standards, utility capacity, and permitted uses with the City of Colorado Springs.
Whether you're seeking a turnkey furnished rental investment, a multifamily asset with stable income potential, or a development opportunity with long-term upside, this property offers flexibility and multiple avenues for value creation.
Exceptional investment opportunity in the rapidly growing Knob Hill area of Colorado Springs. This income-producing duplex offers immediate rental income, flexible leasing options, and significant future development potential on an R-4 zoned lot.
The property consists of two separate, fully furnished residential units that are well-suited for executive housing, corporate rentals, traveling professionals, military personnel, medical professionals, relocation clients, or traditional long-term tenants. The front residence is a spacious 2-bedroom, 1-bath home featuring updated finishes, a functional floor plan, dedicated workspace, and inviting outdoor living areas. The rear residence is a private 1-bedroom, 1-bath unit offering comfortable accommodations and independent living space.
Located in a highly accessible central Colorado Springs location, the property is minutes from Downtown Colorado Springs, Memorial Hospital, the Olympic & Paralympic Training Center, major military installations, shopping, dining, and employment centers. The area's strong demand for furnished and executive housing creates multiple income strategies for investors and owner-operators alike.
The true value-add opportunity lies in the expansive R-4 zoned lot. The rear portion of the property provides potential for additional residential development, allowing investors to explore increased density and future income growth opportunities. Buyers should verify zoning, development standards, utility capacity, and permitted uses with the City of Colorado Springs.
Whether you're seeking a turnkey furnished rental investment, a multifamily asset with stable income potential, or a development opportunity with long-term upside, this property offers flexibility and multiple avenues for value creation.
Location
State CO
County El Paso
Area None
Interior
Cooling Wall Unit(s)
Laundry Electric Hook-up
Exterior
Fence All
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Roof Type Rolled
Building
Foundation Partial Basement
Water Municipal
Structure Type Frame
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Broker Owned
Listed by VARA: The Real Estate Collective
Schools and Properties Nearby