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406 S 10th Street

Colorado Springs, CO 80905
  • $1,299,900
  • STATUS: Active
  • ON SITE: 60 Days
  • ID#: 3331084
$1,299,900
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Atlas Real Estate Group Llc: Atlas Real Estate Group Llc.

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!!!Listing agent has spoken with city planning about the process and ease of building on this property. Ask for specifics.

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Pikes Peak Multiple Listing Service logo Summit Group Colorado | eXp 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 2023-12-02T23:40:55.267.
www.summitgroupcolorado.com/homes/144040984
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406 S 10th Street Colorado Springs, CO 80905

  • Price: $1,299,900
  • Status: Active
  • On Site: 60 Days
  • ID#: 3331084
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1955
Built
Neighborhood:
Eklunds
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property 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!!!Listing agent has spoken with city planning about the process and ease of building on this property. Ask for specifics.
Exterior Features

Fence None Foundation Details Other Lot Size 15000.0000 Lot Size Units Sqft Parking Spaces Number Of 10 Roof Composite Shingle Siding StuccoWood Structure Wood Frame

Interior Features

Appliances DishwasherDisposalDryerOvenRange OvenRefrigeratorWasher Cooling Ceiling Fan(S)Wall Unit(S) Handicap Hand Rails Heating Hot Water Laundry Facilities None Unit Total Baths 5 Unit Total Beds 9

Property Features

Earnest Money 15000 Income Property Sub Type 5-Plex Notices Estate Tax Amount 1598.15 Tax Year 2022 Unit Count 5 Utilities CableElectricity Water Municipal



Pikes Peak Multiple Listing Service logo Summit Group Colorado | eXp 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 2023-12-02T23:40:55.267.
 
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Summit Group Colorado | eXp Realty
215 W Rockrimmon Blvd
Colorado Springs CO, 80919
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Atlas Real Estate Group Llc: Atlas Real Estate Group Llc.