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Off market
  • $731,500

    2511 W Colorado Ave, Colorado Springs, CO 80904

    --beds
    0baths
    2,936sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $731,500 Zestimate®
    $249/sqft
    $1,578 Estimated rent

    What's special

    An Amazing Opportunity to purchase an income producing property and a piece of Colorado history in the heart of Old Colorado City! The property consists of a large office/retail space on the main level and two 1 bed/1 bath units on the upper level / Tenants in Apartments A & B are in place and leases through 2021 / Over 1900 square feet of Office or Retail on the Main Level / New rubber polymer roof installed in 2014 / New A/C for the main level space / Updated Mechanicals and Electrical / NE upper unit has Colorado Ave. Views & SW unit has outdoor patio & Mountain Views / Upper units are accessible from street entrance or the back entrance with designated parking / Property was built originally as a saloon in the late 1800's and during prohibition became a barber shop / Property has a basement area that has an entrance to a tunnel utilized during the Prohibition period that was part of a larger tunnel system underground in the area. Also, visible at the top of the staircase entrance to the apartment units is a "prohibition window" that occupants could see visitors but visitors could not see occupants / Property could be used for vacation rentals in the future! Zoned C6 w/ room to expand toward the rear alleyway / Tons of income earning potential in OCC!!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Cooling
    • Other
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Basement: Partial, Cellar
    Interior area
    • Total interior livable area: 2,936 sqft
    • Finished area below ground: 705.00

    Property

    Parking
    • Total spaces: 4
    Features
    • Exterior features: Stucco
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 4,356 sqft
    Details
    • Zoning description: C6

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1900

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Location
    • Region: Colorado Springs

    Other

    Other facts
    • ViewYN: true
    • WaterSource: Public
    • Heating: Forced Air, Natural Gas
    • Roof: Other
    • HeatingYN: true
    • CoolingYN: true
    • Basement: Partial, Cellar
    • ConstructionMaterials: Frame, Stucco
    • PropertyAttachedYN: true
    • ParkingFeatures: Assigned
    • CoveredSpaces: 0
    • Cooling: Other
    • View: Mountain(s)
    • BelowGradeFinishedArea: 705.00
    • ZoningDescription: C6
    • AttachedGarageYN: 0
    • GrossIncome: 44340.00
    • MlsStatus: Active
    • NetOperatingIncome: 33461.00
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $731,500

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $731,500