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703 E Costilla Street

Colorado Springs, CO 80903
  • $750,000
  • STATUS: Active
  • ON SITE: 348 Days
  • ID#: 5434797
UPDATED: 79 min ago
$750,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Exp Realty LLC: (888) 440-2724.

Description

Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. Investment opportunities like this rarely make it to the open market. Make this one yours today!

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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 2024-05-22T09:41:27.097.
www.actionteamcolorado.com/homes/140409226
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703 E Costilla Street Colorado Springs, CO 80903

  • Price: $750,000
  • Status: Active
  • On Site: 348 Days
  • Updated: 79 min ago
  • ID#: 5434797
0
Beds
0
Baths
0
½ Baths
0.22
Acres
Neighborhood:
Hillside
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property Description
Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. Investment opportunities like this rarely make it to the open market. Make this one yours today!
Exterior Features

Features Extra Sewer Tap PaidWater Tap Paid Lot Description City ViewCornerLevelMountain View Lot Size 0.2200 Lot Size Units Acres Topography Level

Property Features

Association Fee 0.00 Association Fee Frequency Not Applicable Lot Location Near Fire StationNear HospitalNear ParkNear Public TransitNear SchoolsNear Shopping Center Notices Not Applicable Tax Amount 1541.66 Tax Year 2022 Terms CashConventional Water NoneSee Prop Desc Rem



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 2024-05-22T09:41:27.097.
 
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Action Team Realty
6265 Lehman Drive, Ste 100
Colorado Springs CO, 80918
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Exp Realty LLC: (888) 440-2724.