11420 Black Forest Road

Colorado Springs, CO 80908 — El Paso County

Income Property  $0  Sold  MLS# 3583937  

9.7700 acres    1953 build   

Updated: 11-20-2021 08:26am


  Property Description

Unique investment opportunity in the beautiful Black Forest Area. Property is dual zoned for both residential and commercial and has 12 income producing units on 9.77 acres 1/2 block south of Burgess and Black Forest Road. Buildings include restaurant, single family home that is broken into two units., one "Air BNB" that is occupied 95% of the time and one studio apartment. One oversized garage, plus 7 other barns and warehouses and acreage for storage. Great in-place rental income as well as tenants currently paying all utilities. Recent updates to the "Air BNB" and studio apartment: tile flooring in kitchens, updated appliances, new paint, etc. Ample parking in front of the buildings and around the property. Wide variety of lessees and they have been long term renters. Five of the units are on month to month leases. R and R Cafe lease ends June 2022. Three other units are on a three year lease . All tenants have expressed wanting to stay. Great location and Good condition. 2 septics (converted into one large one) and shared well for home and restaurant.Property is being sold as is.

  Listing Details

Property Type 
Income Property
MLS# 
3583937
MLS Originator 
PPAR (Pikes Peak Association)
Last Updated 
11-20-2021 08:26am
Status 
Sold

  Property Details

Sold Price 
$0
Price 
$0
Location 
Colorado Springs, CO 80908
Year Built 
1953
Acres 
9.7700

  Map

  Property Level and Sizes

Lot Size 
425581.0000

  Financial Details

Previous Year Tax 
$10,549
Year Tax 
2020

  Interior Details

Appliances  
Dishwasher, Dryer, Range Oven, Refrigerator, Washer
Fireplaces  
None
Fireplaces Number  
Utilities  
Cable, Electricity, Gas Available

  Exterior Details

Fence  
See Prop Desc Remarks
Wells  
1
Water  
Well

  Room Details

Laundry Availability  
Electric Hook-up

  Garage & Parking

  Exterior Construction

Structure  
Brick,Framed on Lot,Metal Frame,Stone,Wood Frame,Other
Roof  
Composite Shingle

  Land Details

Water Tap Paid (Y/N) 
No

  Schools

School District 
Academy-20

  Walk Score®


 

  Listing Media

Virtual Tour 
  Click here to watch tour



  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 11420 Black Forest Road, Colorado Springs, CO 80908
- Property Type: Income Property, - beds, - baths, - SqFT
- Selling Price: $0
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$1,500,000 (1)
$1,500,000 (1)
$1,500,000 (1)
$1,500,000 (1)
Area 2 (1-2 miles)
$1,500,000 (1)
$1,500,000 (1)
$1,500,000 (1)
$1,500,000 (1)
Area 3 (2-3 miles)
$1,500,000 (1)
$1,500,000 (1)
$1,500,000 (1)
$1,500,000 (1)
Area 4 (3-5 miles)
$1,299,500 (2)
$1,299,500 (2)
$1,299,500 (2)
$1,299,500 (2)

  Contact Agent

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