126 Deer Path Avenue

Description

Nestled in the foothills of downtown Manitou Springs, just blocks from parks, schools, galleries and more, lies a once-in-a-lifetime-opportunity to receive income from a fully leased turn-key triplex with excellent rental history, strong CAP rates, long term tenants, and no history of vacancies, all the while living on-site in a fully renovated 4-bedroom + bonus room with oversized heated 2-car garage ranch style home, but if that weren't enough, there is also a 5-bay shop/garage included with 4 bays using 12' doors and having 13' interior clearances, 1 of which bays include a concrete built-in oil changing pit! Use this shop/garage to store your toys or machinery on site with you, or rent it to the tenants for extra income! ~*~*~*~ Rents listed include *current* (not market) rate for the triplex. House & shop/garage are projected at $3000 and $820 respectively as they were previously owner occupied. This means there is room for financial growth into market rate rents!*$7,895+/mo gross income potential & opportunity to switch utility costs over to tenants increasing your monthly net.* Capital expenditure costs are not a worry with all the major components of the property already taken care of reflecting pride of ownership through the years.~*~*~*~ Main House: spacious, bright & open, new waterproof luxury vinyl planked flooring, a quaint orchard sitting above a generously sized landscape-ready, fully fenced yard, LED lighting, updated bathrooms, modernized kitchen, all new appliances, granite countertop, all new baseboards, & a fresh coat of paint both inside and out.~*~*~*~ The Enormous flat lot has plenty of room for maneuvering large vehicles & trailers all the while having ample off-street parking for your tenants & any guests. Don't miss the panoramic mountain views to include The Incline & Pikes Peak.We can't wait to show you what else this property has to offer!