Welcome to your dream property located in the heart of Colorado Springs. This house and cottage/ADU offers the perfect blend of contemporary living and investment potential. Whether you're seeking a charming home with supplementary income or a savvy investment opportunity, this property caters to your needs. The main house features a spacious 4 bedrooms and 2 bathrooms provide ample space for comfortable living. Enjoy modern conveniences with central air and heating, ensuring year-round comfort. The main house boasts a beautifully landscaped private yard, perfect for outdoor gatherings and relaxation. Currently leased on a one-year agreement, providing immediate rental income for investors. The Cottage/ADU is a separate 2-bedroom, 1-bathroom house, fully furnished for your convenience. Ideal for multi-generational living, accommodating guests, or generating additional rental income. Zoned R2, offering flexibility for both short-term and long-term rental options. The ADU is currently set up for short-term rental, maximizing income potential for investors. Built in 2022, the cottage showcases modern finishes and thoughtful design throughout and guests of the short term rental absolutely love it! Situated just moments away from downtown, enjoy easy access to dining, shopping, and entertainment. Close proximity to Memorial Hospital and the Olympic Training Center makes it an ideal location for traveling professionals, and olympic athletes seeking temporary accommodation. Whether you envision yourself living in the cottage while leasing the main house, or maximizing rental income by renting out both properties, this versatile offering presents endless possibilities. Don't miss out on this rare opportunity to own a piece of Colorado Springs thriving real estate market. Schedule your viewing today!
Sold for $705,000 on 07/10/24
$705,000
311 Farragut Ave, Colorado Springs, CO 80909
6beds
3baths
2,280sqft
Single Family Residence
Built in 1952
-- sqft lot
$682,500 Zestimate®
$309/sqft
$2,292 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 10, 2024 at 09:31am
Listed by:
Charlie Peace 719-502-1827,
Equity Colorado Real Estate
Bought with:
Leeann Perea GRI MRP
HomeSmart
Source: Pikes Peak MLS,MLS#: 2332705
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Laundry: Electric Hook-up
Features
- Basement: Full
Interior area
- Total interior livable area: 2,280 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 8,250 sqft
Details
- Parcel number: 6417107013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Framed on Lot
- Roof: Composite Shingle
Condition
- Year built: 1952
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
$682,500