Description
Excellent income opportunity to own 2 nicely-updated homes on a large 16744 square foot lot in a central location with potential to build additional rental units onsite. Homes feature stucco exteriors and are newly refreshed with exterior and interior paint, new carpet and luxury vinyl plank (LVP) flooring, resurfaced tubs, some new appliances, and many other upgrades. The front home was built in 1945 and features 2 bedrooms and 1 bath plus a large covered newly-stained deck. The back home was built in 1957 and includes 1 bedroom and 1 bath plus a 17x11 loft that is not reflected in square footage. There is ample private parking behind the front home. Rent amounts are very low--back tenants have lived there 19+ years and front tenants recently vacated, but had lived there 5+ years. Back tenants are on a month-to-month lease. This property is fully fenced, includes a storage shed, and is zoned R5. The owner has architectural site drawings of a proposed duplex for the huge vacant lot. All measurements and data in this listing are to be investigated and verified by buyer, including any future building plans or zoning questions. This is an AS IS sale and is part of a 1031 exchange.
-
0BEDS
-
0.38ACRES
-
0BATHS
-
01/2 BATHS
Listing provided courtesy of 00006507-Harmony Real Estate Group, Inc: 00006507-Harmony Real Estate Group, Inc.Description
Excellent income opportunity to own 2 nicely-updated homes on a large 16744 square foot lot in a central location with potential to build additional rental units onsite. Homes feature stucco exteriors and are newly refreshed with exterior and interior paint, new carpet and luxury vinyl plank (LVP) flooring, resurfaced tubs, some new appliances, and many other upgrades. The front home was built in 1945 and features 2 bedrooms and 1 bath plus a large covered newly-stained deck. The back home was built in 1957 and includes 1 bedroom and 1 bath plus a 17x11 loft that is not reflected in square footage. There is ample private parking behind the front home. Rent amounts are very low--back tenants have lived there 19+ years and front tenants recently vacated, but had lived there 5+ years. Back tenants are on a month-to-month lease. This property is fully fenced, includes a storage shed, and is zoned R5. The owner has architectural site drawings of a proposed duplex for the huge vacant lot. All measurements and data in this listing are to be investigated and verified by buyer, including any future building plans or zoning questions. This is an AS IS sale and is part of a 1031 exchange.
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 2022-06-30T23:40:57.753.