306 S Institute Street

Colorado Springs, CO 80903 — El Paso County

Income Property  $515,000  Under Contract - Showing  MLS# 4465215

0.1717 acres    1920 build   

07-27-2020 05:14pm

  Property Description

This property went through a complete remodel a year and a half ago! Very nice updates throughput the main house and both cottages! All units have new A/C units. The main house has 2 bedrooms and 1 bath on the main level with another guest suite in the basement with wet bar. The second cottage is a 2 bed 1 bath unit and the 3rd unit is a large 1 bed 1 bath studio apartment. The home has a great central location close to downtown and Memorial Park! The current owner uses the property for affordable housing for his employees but could pull much higher rental income.

  Listing Details

Property Type
Income Property
MLS#
4465215
MLS Originator
PPAR (Pikes Peak Association)
Last Updated
07-27-2020 05:14pm
Status
Under Contract - Showing

  Property Details

Price
$515,000
Location
Colorado Springs, CO 80903
Year Built
1920
Acres
0.1717

  Map

  Property Level and Sizes

Lot Size
7480.0000

  Financial Details

Previous Year Tax
$1,065
Year Tax
2019

  Interior Details

Utilities
Electricity, Natural Gas

  Exterior Details

Wells
0
Water
Municipal

  Room Details

Laundry Availability
Common

  Garage & Parking

  Exterior Construction

  Land Details

Water Tap Paid (Y/N)
No

  Schools

School District
Colorado Springs


  Listing Media

Virtual Tour
  Click here to watch tour

  Walk Score





  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 306 S Institute Street, Colorado Springs, CO 80903
- Property Type: Income Property, - beds, - baths, - SqFT
- Selling Price: $515,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$436,279 (10)
$410,056 (14)
$406,046 (15)
$406,046 (15)
Area 2 (1-2 miles)
$628,178 (23)
$610,900 (29)
$602,200 (30)
$600,516 (31)
Area 3 (2-3 miles)
$543,674 (60)
$524,792 (76)
$521,450 (78)
$519,389 (80)
Area 4 (3-5 miles)
$518,681 (81)
$499,061 (103)
$495,633 (106)
$492,974 (109)

  Contact Agent

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