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$325,000
72 Days Online

516 W Boulder Street
Colorado Springs, CO 80905

For Sale|Single Family Home|Active
4
Beds
2
Full Baths
0
Partial Baths
1,608
SqFt
$202
/SqFt
1900
Built
Subdivision:
Sherman
County:
El Paso
516 W Boulder Street516 W Boulder Street516 W Boulder Street516 W Boulder Street
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Two Residential 2 Bed 1 Bath units for the price of one...Fantastic opportunity to buy as either an Owner occupant with 2nd unit rented OR as an Investor with two turnkey units already rented. 5.45% CAP rate. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2600 rent potential on new leases for these units. Have your mortgage partially paid with an on site Rental. Current tenants on a month to month lease, 30 day notice to vacate would be needed if not keeping current tenants. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. The choice is yours if you want to buy-n-hold both units or live in one and rent out the other. The units could use some updating but it's priced well for two units already cash flowing in a great spot just west of Downtown. There is parking in the front driveway for the primary unit at 516 and there is a separate alley access for the secondary unit at 518. Roof re-done about 5 years ago, a Two year roof certification will be provided. The units have separate utilities. Come see it today!

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Listing Snapshot
Price 
$325,000
Days Online 
72 Days
Bedrooms 
4
Inside Area (SqFt) 
1,608 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
1900
MLS Number 
6033330
Status 
Active
Property Tax 
$699
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS
6 days agoPrice changed to $325,000
4 weeks agoPrice changed to $340,000
a month agoPrice changed to $375,000
2 months agoPrice changed to $390,000
See 1 more
General Features
Construction 
Frame
Parking Spaces 
2
Sewer 
Public Sewer
Basement 
Partial
Number of Stories 
2
Acreage 
0.1
Water 
Public
Property Sub Type 
Single Family Residence
Garage Spaces 
0
Attached Garage 
No
Zoning 
R2
Listing Conditions 
None
Interior Features
Cooling 
None
Heating 
Forced Air
Appliances 
DryerMicrowaveOvenRangeRefrigeratorWasher
Flooring 
CarpetWood
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Exterior Features
Roof 
Composition
Community Features
Senior Community 
No
Schools
School District
Colorado Springs 11
Elementary School
Bristol
Middle School
Holmes
High School
Coronado
Listing courtesy of Wish Property Group Inc



The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than Wish Property Group Inc are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Neighborhood & Commute
Source: Walkscore
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