2809 King Street

Description

Solidly performing in the highly desirable Pleasant Valley area, just minutes from Garden of the Gods, Old Colorado City, downtown, and major commuter routes. This turn-key asset includes three long-term tenants providing stable income and one unit currently operating as a Airbnb, offering excellent flexibility for both short-term and long-term rental strategies. The property features a balanced and attractive unit mix with two 2-bedroom/1-bath units and two 3-bedroom/2-bath units, increasing rental demand and supporting strong year-round occupancy. Recent improvements include a new roof, exterior paint, gutters, and updated flooring, ensuring low maintenance and reliable future performance. Each unit offers a balcony or patio, tile baths, and fireplaces. With a very low to no vacancy rate, investors have the option to maintain the current rent rolls or adjust rents as leases expire. Surface parking includes seven paved spaces plus additional parking on the south dirt area. A rare opportunity to acquire a reliable, updated, income-producing property in one of Colorado Springs’ most sought-after west-side locations.