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1617 N Chestnut Street, Colorado Springs, CO, 80907

Image Count: 29

$1,095,000

  • Highlights
  • Income
  • Fourplex
  • 1617 N Chestnut Street, Colorado Springs, CO, 80907 listed by Shawn Keehn CRS PSA
  • Active
  • MLS#: 1231214
  • View on Map
Space maker

Property Description

Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

Property Listed By

Picture of REALTOR Listing Property
  • Shawn Keehn CRS PSA
  • 1561-934-917  Call the Agent 
Picture of Office Listing Property
  • Coldwell Banker 1st Choice Realty
  • 0090-786-917  Call the Agent 

Property Details

    General Features

  • Property Type: Fourplex
  • Year Built: 1919
  • County: El Paso
  • School District: Colorado Springs 11
  • List Price: $1,095,000

    Unit Information

    Beds Baths Parking Rent SqFt
    3 2 $2,200 1,315
    2 1 $1,500 1,043
    2 1 $1,800 828
    1 1 1 $1,100 616
  • Total Parking Spaces: 1
  • Total Units: 4
  • Total Rent: $6,600

    Structure

  • Foundation: Full Basement
  • Structure: Frame
  • Construction Status: Existing
  • Siding: Stucco
  • Fence: All
  • Fence: All

    Features

  • Heating: Hot Water
  • Cooling: Ceiling Fan
  • Laundry: Electric Hook-up
  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer

    Taxes, Utilities, Lot

  • Tax: $2,640
  • Lot Size: 0.40 Acres, 17,424 SqFt
  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
  • Laundry: Electric Hook-up
  • Heating: Hot Water
  • Cooling: Ceiling Fan
  • Existing Water: Municipal
  • Existing Utilities: Electricity Connected, Natural Gas Connected
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          1617 N Chestnut Street, Colorado Springs, CO, 80907

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          Disclaimer: 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.