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$1,600,000
Est. payment /mo
3,212 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,212 sqft
Price per Sqft $498
MLS Listing ID 8640606
Style Bungalow,Chalet,Cottage,Studio
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,584
Tax Year 2025
Lot Size 0.654 Acres
Acres 0.65
Property Sub-Type Multi Family
Source recolorado
Property Description
Charm, history, and an unbeatable location come together in this exceptional Westside investment opportunity bordering Manitou Springs. Set against the backdrop of Pikes Peak, this unique income-producing property spans four parcels zoned R-2 and features nine residential units, including a beautifully restored historic 2-bedroom, 1-bath Craftsman home, a newer 2-bedroom, 1-bath two-story cottage, four 1-bedroom cottages, and three studio cottages. Currently operating as a successful combination of long-term and short-term rentals, this property offers exceptional flexibility for investors and future owners. Continue operating as an income-producing rental portfolio (buyer to verify all licensing requirements), create a private family compound with rental income, establish a corporate or church retreat, or explore future redevelopment opportunities. One parcel includes grandfathered rights for an additional dwelling, creating even greater long-term potential. The setting is truly one of a kind. Directly across the street, horseback riders from the neighboring riding stable pass by daily, creating the feeling of a mountain retreat while being just minutes from Old Colorado City, Garden of the Gods, Manitou Springs, downtown Colorado Springs, shopping, dining, hiking and biking trails, schools, and convenient access to I-25. The property features mature trees, charming cottages, inviting outdoor gathering areas, and assigned parking throughout the complex. Each unit has been updated while preserving the character and charm that make this property so appealing to tenants and guests alike. With multiple income streams, an irreplaceable location, flexible zoning, and future development potential, opportunities like this rarely become available on Colorado Springs' highly sought-after Westside. Financial information is available upon request with a signed confidentiality agreement.
Location
State CO
County El Paso
Zoning R-2 HS
Interior
Fireplace N
Exterior
Exterior Feature Balcony, Dog Run, Garden
Parking Features Gravel
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Shingle
Total Parking Spaces 15
Garage No
Building
Lot Description Corner Lot, Foothills, Irrigated, Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Frame
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pulse Real Estate Group LLC
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