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!!
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
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