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Exceptional opportunity with immediate cash flow. This fully leased income property, featuring a 4 bed 2 bath main residence, and a detached 1 bed 1 bath cottage. Both units are occupied by long term tenants, providing stable and established rental income from day one. Extensively remodeled throughout, both residences have been thoughtfully updated with modern finishes refreshed interiors, updated kitchens, remodeled bathrooms, and contemporary flooring. Separate laundry facilities for each unit add convenience and tenant appeal, while the detached cottage offers privacy and additional income potential. The property blends classic character with modern improvements and features a fully fenced yard, mature landscaping, and ample outdoor space. Landlord currently pays water, gas, and electric. Conveniently located near downtown Colorado Springs, shopping, dining, parks, and major commuter routes, this turnkey investment presents a rare opportunity to acquire a renovated, income producing property with strong existing tenancy already in place.
| DAYS ON MARKET | 104 | LAST UPDATED | 7/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1898 | COMMUNITY | Colorado Springs |
| COUNTY | El Paso | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Jul 5, '26 | $469,500 |
|---|---|
| Jul 5, '26 - Today | $449,900 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Oven, Refrigerator |
| AREA | Colorado Springs |
| HEAT | Baseboard, Electric, Natural Gas |
| LOT | 3598 sq ft |
| TAXES | 1058 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Buy Smart Colorado, 7193108464
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