519 Prairie Rd, Colorado Springs, CO 80909

Fixer-Upper with Bonus Rental Unit – Dual Living in Knob Hill! Opportunity knocks in Colorado Springs! Located in the centrally located Knob Hill subdivision, this property offers not just one—but two homes on a single lot, each with their own private space and entrance. The main house features 2 bedrooms and 1 bathroom and is in need of a full remodel—ideal for an investor or homeowner looking to build equity and make it their own. With great bones and tons of potential, you can reimagine this home into something truly special. Behind a privacy fence sits a separate 1 bed, 1 bath guest house/mother-in-law unit, complete with its own entrance and utilities. The seller previously used both homes as separate rentals, making this an excellent investment opportunity or perfect for multigenerational living. With easy access to downtown, schools, shopping, and more, this as-is property is a rare find with built-in income potential. Whether you're looking to live in one and rent the other, or renovate both for a high-return investment—this Knob Hill gem is ready for your vision. Live in one, rent the other, or renovate both—your opportunity starts here!