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$325,000

516 W Boulder St Colorado Springs CO 80905, Colorado Springs, Colorado, 80905

Property Description
4 Bedrooms
2 Bathrooms
2,015 Sqft
Year Built: 1900
Building Area: 2,015 Sqft
Lot Area: 4,400 Sqft

No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.

About This Property
Residential-detached
1,608 Sqft
: Two
2
$699
: Not New, Previously Owned
Building Details
: Wood/frame
: Partial
: Composition
: Refrigerator, Washer, Dryer, Microwave
: Forced Air
$0
Address Map
516 W Boulder St Colorado Springs CO 80905
CO
El Paso
Colorado Springs
80905
0
W105° 9' 55.7''
N38° 50' 21.8''
Sherman
Additional Information
115
04290Q
M2931
: Cash, Conventional, Va Loan
1
: Private Owner
2021
R2
1,608 Sqft
$0
0 Sqft
$0
$0
$0
$0
0 Sqft
Utilities and Services
: City Water
: City Sewer, Public Sewer
Bristol
Coronado
Holmes

Colorado Springs

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    Listing ID #6033330
    Right Sidebar Info
    Listing Type : For Sale
    Price : $325,000
    Bedrooms : 4
    Bathrooms Total : 2
    Bathrooms : 2
    Square Footage : 2,015 Sqft
    Year Built : 1900
    Lot Area : 4,400 Sqft
    Status : Active
    Property Type : Residential
    Listing ID : 6033330
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