Price Reduction
Address
719 N Nevada Avenue Colorado Springs, CO
Price
$ 1,249,950
Property Attributes
  • MLS#9849659
  • TypeIncome
  • CountyEL PASO
  • CityColorado Springs
  • AreaColorado Springs
  • NeighborhoodColorado Springs Addition
  • Zip80903
  • Style5-Plex
  • Year Built1889
  • Taxes$ 2059
  • Price$ 1,249,950
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,500 SqFt
Listing Provided Courtesy Of:
Skyline Properties, Inc
Data Source:
Pikes Peak MLS (PPMLS) - 30 - CO
Property Description

What an amazing charming 1889 Victorian 5 plex. The woodwork throughout the home is stunning, original and historical. There are three beautiful vintage fireplaces. This property is eligible for the National historic register. The secured front entrance leads to a common lobby for all tenants. The back yard is a common area for all tenants to use. The basement could be finished with two possible new units. There is plumbing for a possible new laundry area. Other possibilities include office space or storage. There are 10-12 spaces available for parking in the back of the property with alley access. Three of those space can be rented out to the renters next door if needed. It is commercial zoning that allows for many uses. All of the units have been leased for several years to professionals. There hasn't been any advertising needed. There have been many improvements since 2016 on this property. There will be a list of items provided to the potential buyer as there are too many to list. This is a 5 plex zoned commercial: RENTS ARE BELOW MEDIAN, POTENTIAL AMOUNTS COULD BE RAISED TO THE FOLLOWING; Unit 1 = 2 beds, 1 bath, kitchen, living area 800 sq.ft., Unit 2 = 2 beds, 1 bath, kitchen, living area 800 sq.ft., Unit 3 = 1 bed, 1 bath, kitchen, living area 575 sq.ft., Unit 4 = 1 bed, 1 bath, kitchen, living area 475 sq.ft., Unit 5 = a loft, bed/living area, 1 bath, kitchen 550 sq.ft. The property is near Colorado College's new Hockey Stadium. The basement has potential to be used as a laundry area, office space or storage area for more rent income. Two of the units leases expire August 2021. For more income details and information on this property, go to MLS#9849659 or contact the listing agent. Photos show exterior, interior common areas, a few previous photos on one unit, and basement only - schedule a showing to see interiors of the 5 individual units as they are all private to protect the tenants.

Price History
5/29/2021 Listed $1,250,000
7/13/2021 1% - $1,249,950

General Features

Appliances Dishwasher, Range Oven, Refrigerator
Property Type Income
Roof Composite Shingle
School District Colorado Springs-11
Status Active
Sub Area Colorado Springs Addition
Sub Type 5-Plex
Tax Amount 2059.00
Tax Year 2020
Utilities Cable, Electricity, Natural Gas, Telephone
Water Municipal

Interior Features

Fire Place Desc Three, Wood, See Prop Desc Remarks
Laundry Facility None
Unit Count 5

Exterior Features

Fence Rear
Foundation Full Basement
Lot Size 9500.0000
Lot Size Area 9500.00
Parking Spaces 10
Siding Wood
Structure Framed on Lot, Wood Frame

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 80903

Price
AVG $530K
$1.25M
Taxes
AVG $1,264
$2,059
Visits
AVG 44
62
Year Built
AVG 1935
1889

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.