$ 950,000
506 W Cheyenne RD Colorado Springs, CO 80906
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 950,000
Est. payment /mo
Price Dropped by $250K
506 W Cheyenne RD Colorado Springs, CO 80906
0.5 Acres Lot
UPDATED:
09/24/2024 03:41 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6514427
HOA Y/N No
Originating Board recolorado
Year Built 1954
Annual Tax Amount $3,468
Tax Year 2022
Lot Size 0.500 Acres
Acres 0.5
Property Description
Thank you for your interest in this unique property in a desirable part of Colorado Springs near the Broadmoor resort. It is not uncommon to find a home with a cottage(ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car attached garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage all rented separately). Live in the front house and rent the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
Location
State CO
County El Paso
Zoning R1-6 R2
Interior
Fireplace N
Exterior
Garage Driveway-Gravel
Garage Spaces 4.0
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Composition,Membrane
Parking Type Driveway-Gravel
Total Parking Spaces 4
Garage Yes
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Other,Stucco,Wood Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by RAWHIDE COMPANY REALTORS THE • [email protected],719-338-3053