Homes for sale - 735 E Vermijo AVE, Colorado Springs, CO 80903

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Juanita Simkins

realtorjuanita@gmail.com +1(719) 229-5770

$485,000

Est. payment - /mo

9,511 Sqft Lot

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UPDATED:

11/27/2024 04:13 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8763791

HOA Y/N No

Year Built 1998

Annual Tax Amount $1,417

Tax Year 2023

Lot Size 9,511 Sqft

Property Description

Investor’s Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!

Location

State CO

County El Paso

Area Werner

Interior

Cooling None, See Prop Desc Remarks

Fireplaces Number 1

Fireplaces Type Gas, Two, See Remarks

Laundry Electric Hook-up

Exterior

Garage Spaces 6.0

Fence See Prop Desc Remarks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, See Prop Desc Remarks

Roof Type Composite Shingle

Building

Foundation Crawl Space

Water Municipal

Structure Type HUD Standard Manu,UBC/IBC/IRC Standard Modular,See Prop Desc Remarks

Schools

School District Colorado Springs 11

Others

Special Listing Condition See Show/Agent Remarks

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Listed by Progressive Property Group LLC

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Juanita Simkins

+1(719) 229-5770

Broker Associate | License ID: 40042014

Broker Associate License ID: 40042014

735 E Vermijo AVE Colorado Springs, CO 80903

Juanita Simkins

Key Details

Location

Interior

Exterior

Building

Schools

Others

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735 E Vermijo AVE