Skip To Content

516 & 518 W Boulder Street

Colorado Springs, CO 80905
  • $390,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 7643724
Price Reduced
$390,000
  • 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

Two Residential 2 Bed 1 Bath 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. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2600 rent potential on new leases for these units. Have your mortgage partially paid with an on site Rental. Current tenants on a month to month lease. The choice is yours if you want to buy-n-hold both units or live in one and rent out the other. The units could use some updating 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. Come see it today!

Monthly Payment Calculator



Pikes Peak Multiple Listing Service logo Action Team Realty- 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 2022-10-06T23:40:56.15.
www.actionteamcolorado.com/homes/133124680
Print Image

516 & 518 W Boulder Street Colorado Springs, CO 80905

  • Price: $390,000
  • Status: Active
  • On Site: 21 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
Two Residential 2 Bed 1 Bath 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. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2600 rent potential on new leases for these units. Have your mortgage partially paid with an on site Rental. Current tenants on a month to month lease. The choice is yours if you want to buy-n-hold both units or live in one and rent out the other. The units could use some updating 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. 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 Action Team Realty- 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 2022-10-06T23:40:56.15.
 
https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_2_7643724-2.jpg https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_2_7643724-2.jpg https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_2_7643724-2.jpg
Logo
Action Team Realty
6265 Lehman Drive, Ste 100
Colorado Springs CO, 80918
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Wish Property Group, Inc.: Wish Property Group, Inc..