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With courtesy of 00002163-Reid Investments, Inc. Posted by PPAR (Pikes Peak Association)
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414 N Corona Street
Colorado Springs, CO 80903
— El Paso
Income Property$0Sold MLS# 6606841
Schedule a Showing
Fantastic Investment Property in a great downtown location! This area is in high demand and the places have always stayed rented! The front house is a 2 bedroom, 1 bath house that has updated windows and aluminum siding. It could use some TLC and updating inside, but was rented for the amount listed for over a year to the last renter who just moved out at beginning of August. It has washer and dryer included off the back laundry area. Only reason it is empty is to allow for showings. Since this is the only unit that is showable, we highly recommend you go down into the basement and check out the foundation and other HVAC. At some point it was fully braced up with steel beams from the front to back to support it. I am sure there will be things that show up on any inspection with a house built in 1905, so please be willing to move forward with the sale AS-IS before writing any offer. The middle cottage at 410A got new carpet, paint, and flooring two years ago. It is probably due for a roof in the next few years. It has a full bath and forced air heating. The rear unit 410B was built around the garage in 1981. It has one bedroom on the main garage level, and then upstairs is the living room, kitchen, and full bathroom. It also has A/C, hot water heating, and washer and dryer hookups off the garage area. It is long overdue for a rent increase but the tenant has been in there on Section 8 housing for many years. Please note that this is an AS-IS sale and it is priced accordingly! Give it some TLC and care, and the value of this property will just go up! Similar income properties in the area are priced much much higher! This is a GREAT DEAL!! Where else are you going to find three separate houses on one lot for this price in Colorado Springs?!