2718 W Colorado Ave Colorado Springs, CO 80904

Extremely rare opportunity to own an income-producing property in the heart of Old Colorado City. Currently configured as a large main house featuring 4 beds and 2 baths, and then two separate cottages: a one-bedroom and a studio. The 4 bedroom house has recently had the following upgrades: refinished hardwood floors on the main level, new carpet upstairs, new toilets, new blinds, ceiling fans, and towel racks.

This amazing triplex is situated on a prime lot in the heart of Old Colorado City and zoned C-6 which would allow the new owner to use these buildings in a variety of ways with several opportunities to increase rent potential. The houses can be used as potential Short-Term Rentals or the large house could easily be divided into 2 separate smaller units increasing the total number of units on the property to 4. Furthermore, the property includes a detached 3-bay garage which can be rented for storage to generate additional revenue, or removed to create extra outdoor space for private individual yards and even higher rent potential. Lastly, the flexible zoning allows for a number of possibilities to re-build a new mixed-use development. A stamped concrete driveway & off-street parking is in walking distance from amazing Old Colorado City shopping, restaurants, and lounges. Property is also very close to attractions such as Garden of the Gods, Manitou Springs, and Downtown. Each unit includes washer/dryer, full fridge and separate metering of all utilities which makes it ideal for investors. Strong leasing history and low vacancy rates since 2019. Don’t miss out on this great ownership opportunity in a thriving community!