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516 & 518 W Boulder Street

Colorado Springs, CO 80905
  • $445,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 7643724
$445,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Wish Property Group, Inc.: Wish Property Group, Inc..

Description

INVESTORS - Two Residential units for the price of one...Fantastic opportunity to buy as either an Owner occupant with 2nd unit rented OR as an Investor with two turnkey units already rented. Current tenants on a month to month lease, so the choice is yours if you want to buy-n-hold both units or do a fix-n-flip or live in one and rent out the other. The units could use some TLC and renovation but it's priced well for two units already cash flowing in a great spot just west of Downtown. There is parking in the front driveway for the primary unit at 516 and there is a separate alley access for the secondary unit at 518. The units have separate utilities. Current rents are $800 for 516 and $660 for 518 but could be raised by new landlord by $200 to $400 per month for each unit fairly confidently, do your own diligence. Come see it today!

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Pikes Peak Multiple Listing Service logo Simental Homes | The Cutting Edge, Realtors- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2022-09-24T23:40:53.92.
www.tarynsimental.com/homes/133124680
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516 & 518 W Boulder Street Colorado Springs, CO 80905

  • Price: $445,000
  • Status: Active
  • On Site: 9 Days
  • ID#: 7643724
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1900
Built
Neighborhood:
Sherman
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property Description
INVESTORS - Two Residential units for the price of one...Fantastic opportunity to buy as either an Owner occupant with 2nd unit rented OR as an Investor with two turnkey units already rented. Current tenants on a month to month lease, so the choice is yours if you want to buy-n-hold both units or do a fix-n-flip or live in one and rent out the other. The units could use some TLC and renovation but it's priced well for two units already cash flowing in a great spot just west of Downtown. There is parking in the front driveway for the primary unit at 516 and there is a separate alley access for the secondary unit at 518. The units have separate utilities. Current rents are $800 for 516 and $660 for 518 but could be raised by new landlord by $200 to $400 per month for each unit fairly confidently, do your own diligence. Come see it today!
Exterior Features

Foundation Details Partial Basement Lot Size 4400.0000 Lot Size Units Sqft Parking Spaces Number Of 0 Roof Composite Shingle Siding Wood Structure Wood Frame

Interior Features

Appliances DryerMicrowave OvenRange OvenRefrigeratorWasher Cooling Ceiling Fan(S) Fireplace Description None Heating Forced AirNatural Gas Laundry Facilities Electric Hook-Up Unit Total Baths 2 Unit Total Beds 4

Property Features

Earnest Money 4000 Income Property Sub Type House W/Cottage Notices Lead Base Paint Discl ReqSold As Is Tax Amount 699.26 Tax Year 2021 Unit Count 2 Utilities CableElectricityNatural GasTelephone Water Municipal



Pikes Peak Multiple Listing Service logo Simental Homes | The Cutting Edge, Realtors- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2022-09-24T23:40:53.92.
 
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Simental Homes | The Cutting Edge, Realtors
5881 N Academy Blvd
Colorado Springs CO, 80918
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Wish Property Group, Inc.: Wish Property Group, Inc..