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11420 Black Forest Road

Colorado Springs, CO 80908
  • $1,500,000
  • STATUS: Active
  • ON SITE: 131 Days
  • ID#: 3583937
$1,500,000
  • 0
    BEDS
  • 9.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

School District:
Listing provided courtesy of 00004382-Exp Realty Llc.

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 & 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.

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Tommy Daly Home Team with Re/Max Properties inc.- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2021-10-20T23:41:52.21.
www.tommydalyhometeam.com/homes/118131057
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11420 Black Forest Road Colorado Springs, CO 80908

  • Price: $1,500,000
  • Status: Active
  • ID#: 3583937
0
Beds
0
Baths
0
½ Baths
9.77
Acres
1953
Built
Neighborhood:
UnKnown
County:
El Paso
Area:
Colorado Springs
School District:
Academy-20
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 & 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.
Exterior Features

Fence See Prop Desc Remarks Foundation Details Slab Lot Size 425581.0000 Lot Size Units Sqft Roof Composite Shingle Siding Alum/Vinyl/SteelShingleStoneWoodOther Structure BrickFramed On LotMetal FrameStoneWood FrameOther

Interior Features

Appliances DishwasherDryerRange OvenRefrigeratorWasher Cooling OtherSee Prop Desc Remarks Fireplace Description None Heating See Prop Desc Remarks Laundry Facilities Electric Hook-Up

Property Features

Earnest Money 75000 Income Property Sub Type Mix Use Notices See Show/Agent Remarks Tax Amount 10549.00 Tax Year 2020 Unit Count 5 Utilities CableElectricityGas Available Water Well Wells Number 1



Tommy Daly Home Team with Re/Max Properties inc.- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2021-10-20T23:41:52.21.
 
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Tommy Daly Home Team with Re/Max Properties inc.
2630 Tenderfoot Hill St.
Colorado Springs CO, 80906
Listing provided courtesy of 00004382-Exp Realty Llc.