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506 W Cheyenne Road

Colorado Springs, CO 80906
  • $1,200,000
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: 6889547
UPDATED: 105 min ago
$1,200,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of The Rawhide Company: (719) 598-3198.

Description

Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.

Monthly Payment Calculator



Pikes Peak Multiple Listing Service logo 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-07-19T11:41:52.713.
www.tommydalyhometeam.com/homes/150223924
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506 W Cheyenne Road Colorado Springs, CO 80906

  • Price: $1,200,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 105 min ago
  • ID#: 6889547
0
Beds
0
Baths
0
½ Baths
0.5
Acres
1954
Built
Neighborhood:
Fenmoor
County:
El Paso
Area:
Colorado Springs
School District:
Cheyenne Mtn-12
Property Description
Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
Exterior Features

Fence See Prop Desc Remarks Foundation Details Full Basement Lot Size 21748.0000 Lot Size Units SqFt Roof Other Siding Masonite TypeStuccoWood Structure Frame

Interior Features

Appliances RangeRefrigerator Cooling NoneSee Prop Desc Remarks Fireplace Description OneWood Burning Heating Forced AirNatural Gas Laundry Facilities None Unit Total Baths 6 Unit Total Beds 8

Property Features

Earnest Money 20000 Income Property Sub Type Mix Use Notices Established Rental History Tax Amount 3524.13 Tax Year 2023 Terms CashOther Unit Count 5 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedTelephone Water Municipal



Pikes Peak Multiple Listing Service logo 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-07-19T11:41:52.713.
 
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Tommy Daly Home Team with Re/Max Properties inc.
2630 Tenderfoot Hill St.
Colorado Springs CO, 80906
Pikes Peak Multiple Listing Service logo Listing provided courtesy of The Rawhide Company: (719) 598-3198.