506 W Cheyenne Road, Colorado Springs, CO 80906

$1,200,000

Courtesy of The Rawhide Company. (719) 598-3198

List Price
$1,200,000
Status
Active
MLS#
6889547
Days on Market
79
Property Type
Mix Use
Lot Size
21,748
Acres
0.50
County
El Paso
Neighborhood
Fenmoor
Year Built
1954

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.

Additional Information

School District
Cheyenne Mtn-12
Construction Status
Existing
Siding
Masonite Type, Stucco, Wood
Fireplaces
One, Wood Burning
Tax Year
2023
Existing Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Telephone
Appliances
Range, Refrigerator
Existing Water
Municipal
Structure
Wood Frame
Roofing
Other
Laundry Facilities
None
Basement Foundation
Full
Optional Notices
Established Rental History
Fence
See Remarks
Heating
Forced Air, Natural Gas
Cooling
None, See Remarks
Earnest Money
20000

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks


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