Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.
Sold for $962,000 on 02/28/25
$962,000
1617 N Chestnut St, Colorado Springs, CO 80907
8beds
5baths
3,802sqft
Quadruplex
Built in 1919
-- sqft lot
$489,400 Zestimate®
$253/sqft
$1,869 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 28, 2025 at 08:37am
Listed by:
Shawn Keehn CRS PSA 719-439-1651,
Coldwell Banker 1st Choice Realty
Bought with:
Non Member
Non Member
Source: Pikes Peak MLS,MLS#: 1231214
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Hot Water
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Dryer, Oven, Refrigerator, Washer
- Laundry: Electric Hook-up
Features
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 3,802 sqft
Property
Features
- Fencing: Full
Lot
- Size: 0.40 Acres
Details
- Parcel number: 7401408015
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco
- Roof: Composite Shingle
Condition
- Year built: 1919
Utilities & green energy
- Water: Municipal
Community & neighborhood
Location
- Region: Colorado Springs
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
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Estimated market value
$489,400