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735 E Vermijo Avenue

Colorado Springs, CO 80903
  • $460,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 5125166
UPDATED: 26 min ago
$460,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1998
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Progressive Property Group LLC: (719) 439-7647.

Description

Turnkey Duplex in Prime Downtown Location with Strong Rental History. This Fully Occupied, Income-Generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area just east of sprawling Downtown Colorado Springs, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, 1 minute to Downtown, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants"keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor 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 2025-05-17T14:41:25.443.
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735 E Vermijo Avenue Colorado Springs, CO 80903

  • Price: $460,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 26 min ago
  • ID#: 5125166
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1998
Built
Neighborhood:
Werner
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property Description
Turnkey Duplex in Prime Downtown Location with Strong Rental History. This Fully Occupied, Income-Generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area just east of sprawling Downtown Colorado Springs, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, 1 minute to Downtown, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants"keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
Exterior Features

Fence See Prop Desc Remarks Foundation Details Crawl Space Lot Size 9511.0000 Lot Size Units SqFt Parking Spaces Number Of 6 Roof Composite Shingle Siding Masonite TypeSee Prop Desc Remarks Structure HUD Standard ManuUBC/IBC/IRC Standard ModularFrameSee Prop Desc Remarks

Interior Features

Appliances DishwasherDisposalKitchen Vent FanRangeRefrigerator Cooling NoneSee Prop Desc Remarks Fireplace Description GasTwoSee Remarks Handicap See Prop Desc Remarks Heating Forced AirSee Prop Desc Remarks Laundry Facilities Electric Hook-up Unit Total Baths 4 Unit Total Beds 6

Property Features

Earnest Money 5000 Income Property Sub Type Duplex Notices See Show/Agent Remarks Tax Amount 1417.54 Tax Year 2023 Terms CashConventionalFHAVASee Show/Agent Remarks Unit Count 2 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSee Prop Desc Remarks Water MunicipalSee Prop Desc Rem



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 2025-05-17T14:41:25.443.
 
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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 Progressive Property Group LLC: (719) 439-7647.