406 S 10th Street
Colorado Springs, CO 80905 — El Paso county
Price
$1,299,900
Acres
0.3500 Acres
Baths
Beds
- Updated
- 10-13-2023 04:49pm
- MLS#
- 9838018
- Location
- Colorado Springs, CO 80905
- Price
- $1,299,900
- Status
- Active
- Year Built
- 1955
- Acres
- 0.3500
- Parking Count
- 10
Description
DO NOT MISS THIS COVERED LAND PLAY OPPORTUNITY! This is an incredibly unique opportunity to own a 5-plex in a great area of Colorado Springs. Yes, the units are in great condition and have loads of character in each one. However, the massive value on this property is the empty lot attached. This lot is already zoned R5 so you can build up to 8 units on it. These are only two of the several possibilities that this property has to offer. All units of this 5-plex are leased out. Leases are available upon request. 1 month old boiler system, newer roof, siding is in good condition, decking is in good condition, and all units are clean. Residents love living in these units due to the walkability, access to public transit, trails, and bike paths. The property is currently being managed by the award winning Atlas Real Estate property management company. The PM has a great relationship with residents and there is no deferred maintenance on the property. Do NOT miss out on this opportunity to get creative using real estate to build wealth!!!
Load & Tax Information
Previous Year Tax
$ 1,598
Location
Walk Score®
Contact me about this property
George Martin
RE/MAX Professionals
6020 Greenwood Plaza Boulevard
Greenwood Village, CO 80111, USA
6020 Greenwood Plaza Boulevard
Greenwood Village, CO 80111, USA
- Invitation Code: callgeorge
- georgemartin@remax.net
- https://georgemartinrealestate.com