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Linette Nye Schmidt

linette@exitsilverthread.com +1(719) 588-1636

$ 1,095,000

Est. payment -/mo

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Price Dropped by $55K

1617 N Chestnut ST Colorado Springs, CO 80907

8 Beds

5 Baths

3,802 SqFt

UPDATED:

10/30/2024 06:57 PM

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,802 sqft

Price per Sqft $288

Subdivision Bauer Sub Fil 1

MLS Listing ID 9011885

Bedrooms 8

HOA Y/N No

Originating Board recolorado

Year Built 1919

Annual Tax Amount $2,640

Tax Year 2023

Lot Size 0.400 Acres

Acres 0.4

Property Description

Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

Location

State CO

County El Paso

Zoning R2, UV

Rooms

Basement Finished, Full

Interior

Interior Features Ceiling Fan(s)

Heating Hot Water

Cooling None

Fireplace Y

Appliance Dishwasher, Dryer, Oven, Range, Refrigerator, Washer

Exterior

Fence Full

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composition

Total Parking Spaces 1

Garage No

Building

Lot Description Corner Lot, Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco

Schools

Elementary Schools Bristol

Middle Schools North

High Schools Coronado

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by COLDWELL BANKER 1ST CHOICE REALTY • shawn@davebrownteam.com,719-439-1651

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

Linette Nye Schmidt

1617 N Chestnut ST Colorado Springs, CO 80907

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1617 N Chestnut ST