1321 Wood AVE Colorado Springs, CO 80903
0.52 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Aptmts(6+Units)
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3306167
Construction Status Existing
HOA Y/N No
Year Built 1919
Annual Tax Amount $4,672
Tax Year 2024
Lot Size 0.523 Acres
Property Sub-Type Aptmts(6+Units)
Property Description
This grand asset comprises a majestic Main House hosting seven units and a separate Carriage House providing three additional units, resulting in an impressive 10 unit property. With approximately 13,663 sq ft. of rentable space on a sprawling half-acre lot and dedicated parking, the property minimizes vacancy risk and maximizes tenant appeal in a high-demand market. It currently generates $12,000+ per month in income, with proven potential to reach ~$13,000.
Recent exterior painting on both structures provides strong curb appeal, and while units vary in condition, they offer a clear value-add path for strategic upgrades over time to capture the full market premium.
Location drives value, and this address delivers: the property is situated just two blocks north of Colorado College (CC) and tenants benefit from a truly walkable lifestyle, with easy access to the Pikes Peak Greenway Trail and the expansive Monument Valley Park, as well as quick access to downtown Colorado Springs' vibrant restaurant and bar scene and a quarter-mile from I25 for effortless commuting. This property is not just a building; it is a piece of Colorado Springs history and a reliable income engine.
Don't miss the opportunity to own a legacy property with superior cash flow in one of Colorado Springs' most desirable neighborhoods. Financials and rent rolls are available upon request to qualified buyers. Contact me today to schedule a private, discreet showing!
Location
State CO
County El Paso
Area Mayfair
Interior
Cooling Ceiling Fan(s), Central Air
Laundry Common, Electric Hook-up, Gas Hook-up
Exterior
Garage Spaces 8.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Roof Type Composite Shingle
Building
Foundation Full Basement
Water Municipal
Structure Type Framed on Lot,Frame
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Lead Base Paint Discl Req
Virtual Tour https://www.1321woodave.com
Unit 1
Sqft 2120
Beds 3
Baths 1
Rent Price 2135
Occupied Y
Furnished N
Unit 4
Sqft 2184
Beds 2
Baths 1
Rent Price 1610
Occupied Y
Furnished N
Unit 2
Sqft 1215
Beds 3
Baths 1
Rent Price 2010
Occupied Y
Furnished N
Unit 3
Sqft 800
Beds 2
Baths 1
Rent Price 1538
Occupied Y
Furnished N
Unit 5
Sqft 1402
Beds 2
Baths 1
Rent Price 1950
Occupied Y
Furnished N
