Incredible Potential with R5 Zoning - A Rare Opportunity! Discover the endless possibilities of this 2-bedroom, 1-bath ranch home, perfectly situated on a spacious .17-acre lot with highly desirable R5 zoning, allowing for multi-unit high development. Whether you are an investor seeking your next project or a homeowner looking to maximize your property's potential, this property is a true gem. The cozy home features updated vinyl windows, allowing for plenty of natural light, and a functional layout designed for comfortable living. The bathroom is conveniently accessible from both the laundry room and the primary bedroom. Step outside to an oversized lot with room for RV parking, a firepit area, and endless opportunities for landscaping or additional improvements-all with the freedom of no HOA restrictions. At the rear of the lot, you'll find a detached two-car garage with an attached workshop, offering a perfect space for hobbies or storage. The alley access provides added convenience and flexibility for future uses. Located in a prime area within walking distance to schools, restaurants, and the Olympic Training Center, this property boasts accessibility to everything you need. Additionally, its proximity to public transportation makes it an excellent choice for commuters or tenants. The R5 zoning opens the door to a multitude of possibilities, including creating a multi-unit development or adding an accessory dwelling unit (ADU) to generate additional income. Opportunities like this don't come around often! Whether you're envisioning a single-family home with space to grow or a multi-unit income-generating property, this home is ready for your vision. With its unbeatable location, zoning flexibility, and thoughtful features, it's a must-see for anyone looking to invest in the future. Don't let this opportunity pass you by-schedule your showing today and explore everything this property has to offer!
Room Features
Bedroom 2Main
KitchenMain
Living RoomMain
Master BedroomMain
Interior FeaturesEat-in Kitchen, Open Floorplan, Jack & Jill Bathroom
BasementSump Pump
Lot & Building Features
AppliancesRefrigerator, Washer, Dryer
StyleCottage/Bung, Ranch
CoolingRoom Air Conditioner, Ceiling Fan(s)
SewerCity Sewer, Public Sewer
Tax Year2023
WaterCity Water
InteriorEat-in Kitchen, Open Floorplan, Jack & Jill Bathroom
Community and Schools
Elementary SchoolQueen Palmer
Junior High SchoolGalileo
Senior High SchoolPalmer
Price History of 520 Prairie, Colorado Springs, CO
Date
Name
Price
Difference
01/24/2025
Listing Price
$300,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
520 Prairie (MLS #4183264) is a cottage/bung, ranch single family home located in Colorado Springs, CO.
This single family home is 744 sqft and on a lot of 7,405 sqft (or 0.17 acres) with 2 bedrooms, 1 baths and is 78 years old. This property was listed on 01/24/2025 and has been priced for sale at $300,000.
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.