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735 E Vermijo Avenue

Colorado Springs, CO 80903
  • $485,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: 8763791
Price Reduced
UPDATED: 41 min ago
$485,000
  • 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

Investors Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, 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, 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 The Case Advantage | Keller Williams Clients' Choice- 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 2024-11-01T17:40:56.443.
www.thecaseadvantage.com/homes/156437242
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735 E Vermijo Avenue Colorado Springs, CO 80903

  • Price: $485,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 41 min ago
  • ID#: 8763791
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
Investors Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, 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, 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 Type Structure HUD Standard ManuUBC/IBC/IRC Standard ModularSee 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 CashConventional Unit Count 2 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSee Prop Desc Remarks Water Municipal



Pikes Peak Multiple Listing Service logo The Case Advantage | Keller Williams Clients' Choice- 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 2024-11-01T17:40:56.443.
 
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The Case Advantage | Keller Williams Clients' Choice
509 Scott Avenue, Suite 110
Woodland Park CO, 80863
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Progressive Property Group LLC: (719) 439-7647.