Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.
Room Features
BasementFull, Partially Finished
Lot & Building Features
AppliancesDishwasher, Refrigerator, Washer, Dryer
HeatingHot Water
CoolingCeiling Fan(s)
SewerCity Sewer, Public Sewer
Tax Year2023
WaterCity Water
FireplaceNone
LotCorner Lot, Level
Community and Schools
Elementary SchoolBristol
Junior High SchoolNorth
Senior High SchoolCoronado
Unit Features
Unit 1 - DS Bedrooms2
Unit 1 - DS Est Sq Ft1043
Unit 1 - DS Rent1500
Unit 1 - DS Total Baths1
Unit 2 - DS Bedrooms1
Unit 2 - DS Est Sq Ft616
Unit 2 - DS Rent1100
Unit 2 - DS Total Baths1
Unit 3 - DS Bedrooms3
Unit 3 - DS Est Sq Ft1315
Unit 3 - DS Rent2200
Unit 3 - DS Total Baths2
Unit 4 - DS Bedrooms2
Unit 4 - DS Est Sq Ft828
Unit 4 - DS Rent1800
Unit 4 - DS Total Baths1
Price History of 1617 Chestnut, Colorado Springs, CO
Date
Name
Price
Difference
12/02/2024
Price Adjustment
$999,050
8.76%
10/17/2024
Price Adjustment
$1,095,000
4.78%
09/06/2024
Listing Price
$1,150,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1617 Chestnut (MLS #9011885) is a residential income listing located in Colorado Springs, CO.
This residential income listing is 3,802 sqft and on a lot of 17,424 sqft (or 0.40 acres) with 8 bedrooms, 5 baths and is 105 years old. This property was listed on 09/06/2024 and has been priced for sale at $999,050.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: COLDWELL BANKER 1ST CHOICE REALTY
