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406 S 10th Street

Colorado Springs, CO 80905
  • $1,299,900
  • STATUS: Active
  • ON SITE: 68 Days
  • ID#: 9838018
$1,299,900
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,300
    SQFT
  • $302
    $/SQFT
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Pikes Peak Multiple Listing Service logo Listing provided courtesy of Atlas Real Estate Group Llc: Atlas Real Estate Group Llc.

Description

DO NOT MISS THIS COVERED LAND PLAY OPPORTUNITY! This is an incredibly unique opportunity to own a 5-plex in a great area of Colorado Springs. Yes, the units are in great condition and have loads of character in each one. However, the massive value on this property is the empty lot attached. This lot is already zoned R5 so you can build up to 8 units on it. These are only two of the several possibilities that this property has to offer. All units of this 5-plex are leased out. Leases are available upon request. 1 month old boiler system, newer roof, siding is in good condition, decking is in good condition, and all units are clean. Residents love living in these units due to the walkability, access to public transit, trails, and bike paths. The property is currently being managed by the award winning Atlas Real Estate property management company. The PM has a great relationship with residents and there is no deferred maintenance on the property. Do NOT miss out on this opportunity to get creative using real estate to build wealth!!!

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Pikes Peak Multiple Listing Service logo The Kibler Group | Keller Williams Partners- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2023-11-30T23:40:56.67.
www.kiblergroup.com/homes/143665515
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406 S 10th Street Colorado Springs, CO 80905

  • Price: $1,299,900
  • Status: Active
  • On Site: 68 Days
  • ID#: 9838018
0
Beds
0
Baths
0
½ Baths
0.35
Acres
4,300
SQFT
$302
$/SQFT
1955
Built
County:
El Paso
Area:
Colorado Springs
Property Description
DO NOT MISS THIS COVERED LAND PLAY OPPORTUNITY! This is an incredibly unique opportunity to own a 5-plex in a great area of Colorado Springs. Yes, the units are in great condition and have loads of character in each one. However, the massive value on this property is the empty lot attached. This lot is already zoned R5 so you can build up to 8 units on it. These are only two of the several possibilities that this property has to offer. All units of this 5-plex are leased out. Leases are available upon request. 1 month old boiler system, newer roof, siding is in good condition, decking is in good condition, and all units are clean. Residents love living in these units due to the walkability, access to public transit, trails, and bike paths. The property is currently being managed by the award winning Atlas Real Estate property management company. The PM has a great relationship with residents and there is no deferred maintenance on the property. Do NOT miss out on this opportunity to get creative using real estate to build wealth!!!
Exterior Features

Parking Spaces Number Of 10

Interior Features

Unit Count 0

Property Features

Commercial Sub Type Low-Rise/Garden Commercial Use Type Investment Notices Not Applicable Offered For Sale Property Sub Type Retail Property Type Commercial Sales Price High 1299900 Tax Amount 1598.15



Pikes Peak Multiple Listing Service logo The Kibler Group | Keller Williams Partners- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2023-11-30T23:40:56.67.
 
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The Kibler Group | Keller Williams Partners
6140 Tutt Blvd, Suite 210
Colorado Springs CO, 80923
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Atlas Real Estate Group Llc: Atlas Real Estate Group Llc.