506 W Cheyenne Road, Colorado Springs, CO, 80906

Front of Structure

506 Front and east side

506 attached garage

506 Living room

506 Living room and fireplace

506 kitchen

506 dining room/study

506 Bedroom

506 bedroom

506 basement family room

506 basement bedroom

506 basement bedroom 2

506 bath

506 north side

Image 16 of 29: From back yard of 506 looking Northeast toward 4-plex on other side of fenc

From back yard of 506 looking Northeast toward 4-plex on other side of fence

506 west side yard looking north toward 4-plex

Detatched garage on north end of Property (rented separately)

Image 19 of 29: Looking east from open area to detached garage and 4-plex (behind station w

Looking east from open area to detached garage and 4-plex (behind station wagon)

Image 20 of 29: Peaceful area to west of detached garage available to all residents of the

Peaceful area to west of detached garage available to all residents of the Property

506-1/2 (4-plex) from open area

506-1/2 (4-plex) north side. Units C and D access from this side.

Image 23 of 29: 506-1/2 (4-plex) south side (Units A and B can access this side or north si

506-1/2 (4-plex) south side (Units A and B can access this side or north side)

Unit C Kitchen and storage closet from living room

Unit C living room

Unit C bedroom

Unit C Bathroom

Image Count: 29

$950,000

Highlights
Income
Mix Use
506 W Cheyenne Road, Colorado Springs, CO, 80906 listed by Douglas Barber C2EX CRB EPRO GRI REDS
Active
MLS#: 6889547
Tour #3
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Space maker

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.

Property Listed By

Douglas Barber C2EX CRB EPRO GRI REDS
3503-833-917

The Rawhide Company
8913-895-917

Property Details

General Features

Property Type: Mix Use
Year Built: 1954
County: El Paso
School District: Cheyenne Mtn-12
List Price: $950,000

Unit Information

5 Units Maximum Shown

Beds	Baths	Parking	Rent	SqFt
4	2	2	$1,885	2,379
1	1		$975
1	1		$1,000
1	1		$900
1	1		$935

Total Parking Spaces: 2
Total Units: 5
Total Rent: $5,990
Other Rentable Space: Detached 2 car garage at $295/month

Structure

Foundation: Full Basement
Structure: Frame
Construction Status: Existing
Siding: Masonite Type, Stucco, Wood
Window Type: Steel, Wood
Alley: Gravel

Features

Heating: Forced Air, Natural Gas
Appliances: Range, Refrigerator

Taxes, Utilities, Lot

Tax: $3,524
Lot Size: 0.50 Acres, 21,748 SqFt
Appliances: Range, Refrigerator
Fireplace: One, Wood Burning
Heating: Forced Air, Natural Gas
Existing Water: Municipal
Existing Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Telephone

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