SOCO Dream Homes

Colorado Springs, CO 80903 719 N Nevada Avenue

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  • Pikes Peak MLS (PPMLS) - 30 - CO
  • MLS# 9849659
  • 05/28/2021
  • Request Tour
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Presented By: Skyline Properties, Inc
  • Year Built • 1889

Home Details

What an amazing charming 1889 Victorian 5 plex. The woodwork throughout the home is stunning, original and historical. There are three beautiful vintage fireplaces. This property is eligible for the National historic register. The secured front entrance leads to a common lobby for all tenants. The back yard is a common area for all tenants to use. The basement could be finished with two possible new units. There is plumbing for a possible new laundry area. Other possibilities include office space or storage. There are 10-12 spaces available for parking in the back of the property with alley access. Three of those space can be rented out to the renters next door if needed. It is commercial zoning that allows for many uses. All of the units have been leased for several years to professionals. There hasn't been any advertising needed. There have been many improvements since 2016 on this property. There will be a list of items provided to the potential buyer as there are too many to list. This is a 5 plex zoned commercial: RENTS ARE BELOW MEDIAN, POTENTIAL AMOUNTS COULD BE RAISED TO THE FOLLOWING; Unit 1 = 2 beds, 1 bath, kitchen, living area 800 sq.ft., Unit 2 = 2 beds, 1 bath, kitchen, living area 800 sq.ft., Unit 3 = 1 bed, 1 bath, kitchen, living area 575 sq.ft., Unit 4 = 1 bed, 1 bath, kitchen, living area 475 sq.ft., Unit 5 = a loft, bed/living area, 1 bath, kitchen 550 sq.ft. The property is near Colorado College's new Hockey Stadium. The basement has potential to be used as a laundry area, office space or storage area for more rent income. Two of the units leases expire August 2021. For more income details and information on this property, go to MLS#9849659 or contact the listing agent. Photos show exterior, interior common areas, a few previous photos on one unit, and basement only - schedule a showing to see interiors of the 5 individual units as they are all private to protect the tenants.
Presented By: Skyline Properties, Inc

Interior Features for 719 N Nevada Avenue

Other Interior Features

Fire Place DescThree, Wood, See Prop Desc Remarks
Laundry FacilityNone
Unit Count5

General for 719 N Nevada Avenue

AppliancesDishwasher, Range Oven, Refrigerator
Property TypeIncome
RoofComposite Shingle
School DistrictColorado Springs-11
StatusActive
Sub AreaColorado Springs Addition
Sub Type5-Plex
Tax Amount2059.00
Tax Year2020
UtilitiesCable, Electricity, Natural Gas, Telephone
WaterMunicipal

Exterior for 719 N Nevada Avenue

FenceRear
FoundationFull Basement
Lot Size9500.0000
Lot Size Area9500.00
Parking Spaces10
SidingWood
StructureFramed on Lot, Wood Frame

Additional Details

Price History

Josh Schrader

Price $1,249,950
MLS#9849659
List Date 05/28/2021
Property Type Income
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