2925 N Tejon Street

Description

This property offers both an investment opportunity and the potential for personal living! Prepare to be impressed by the incredible income this property generates. Situated in a prime and up-and-coming location in COS, with the Nevada overlay with the city, this property holds significant value. Built in 1916 and restored, this gem is an original home in Colorado Springs.The front of the property features a charming residential home with 2 bedrooms, an office space, and a fully updated bathroom.Unfinished basement area.This overlay allows for multiple types of builds and expansions. Furnished as a mid-term rental, the furniture and decor can be negotiated if you wish to continue renting it furnished for mid-term stays.Fencing offers privacy and security. The house features a spacious driveway and a garage, which, with some work, can potentially be converted into an accessory dwelling unit (ADU). This presents an exciting opportunity for additional living space. Furthermore, with the Nevada overlay, the garage could be torn down to make way for a two-story unit, providing even more possibilities for development.The hidden treasure lies in the nearly 2000 sq ft shop located at the back of the lot, accessible through the alley. Currently rented, the shop presents an immediate income opportunity. It has been updated, with repairs made to the roof and new siding. The shop features heating, and a finished bathroom with a water heater, ensuring comfort and convenience. The additional parking space adds to the property's practicality. This property presents an opportunity for investors and those seeking a unique place to call home. With its prime location, restoration, potential for additional units, and income-generating capabilities, it is an opportunity not to be missed. Seize the moment and explore the possibilities this property has to offer!