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Melissa Ballard

melissaballard.re@gmail.com +1(970) 451-3415

$ 799,900

Est. payment | -/mo

4 Beds

4 Baths

2,176 SqFt

Save Virtual Tour

$ 799,900

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

2,176 SqFt

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 2,176 sqft

Subdivision Highland

MLS Listing ID IRE7516300

Style Victorian

Bedrooms 4

HOA Y/N No

Year Built 1900

Annual Tax Amount $1,173

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Source ires

Property Description

Exciting Shooks Run Multi-family will kick-start your real estate investment portfolio! This profitable property consists of four fully furnished rental units! Walkable to Shooks Run Trail and Downtown Colorado Springs, the location can't be beat! Owned and operated with tender loving care, every piece of decor has been selected to tell a story. Guests and tenants love staying here! Unit 1 is a two-story space with a groovy 1960's theme! This unit walks out to the back parking lot. Unit 2 is a single level studio apartment with a Murphy bed and a 1930's design! Unit 3 is two stories with a cozy interior and drive-up parking at the front, and no units above or below it. Unit 4 has a Mid Century style. This garden level space features direct access to the laundry room. Two units operate as monthly furnished rentals, while Units 1 and 4 are rented as annual furnished rentals. There is a parking lot for a total of three off-street parking spaces, as well as plenty of street parking. There's a very nice large patio and sitting area in the back of the property. Enjoy a Pikes Peak view and alley access also. The on-site laundry room includes owned coin-operated washer and dryer for a little extra income. A central boiler serves the whole property. Each unit has portable A/C included. Owner provides one internet connection which the building shares. The rents include utilities and trash. Plumbing has been upgraded to PEX. The units have been operated pet-free and smoke-free! This property has been in huge demand with many loyal visitors planning their visits in advance to make sure they get to stay here.

Location

State CO

County El Paso

Community Highland

Area Out Of Area

Zoning R-2

Direction From Downtown, East on Platte Ave, Right on N Arcadia, property is on the left. PLEASE PARK ON THE STREET.

Rooms

Basement Partial, Partially Finished

Interior

Heating Hot Water, Radiant

Cooling Wall/Window Unit(s)

Appliance Refrigerator, Washer, Dryer, Microwave

Exterior

Parking Features Off Street

Garage Spaces 3.0

Fence Partial

Community Features Community Laundry

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Master Meter-Electric, Master Meter-Gas

View Y/N Yes

View Mountain(s)

Roof Type Composition

Porch Patio

Garage Yes

Building

Lot Description House Faces West

Sewer Public Sewer

Water City

Architectural Style Victorian

Level or Stories Two

Structure Type Frame

New Construction false

Schools

Elementary Schools Columbia

Middle Schools North

High Schools Colorado Springs 11

School District Colorado Springs 11

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Special Listing Condition Private Owner

Virtual Tour https://youtu.be/oyPkp_TFgrY

Information and Real Estate Services (IRES)

Listed by Lauren Collier

Schools and Properties Nearby

Melissa Ballard

Agent License ID: FA. 100098538

+1(970) 451-3415 | melissaballard.re@gmail.com

209 N Arcadia Colorado Springs, CO 80903

Melissa Ballard

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

209 N Arcadia