124 W Cheyenne Road, Colorado Springs, CO 80906
- $599,000
- 4
- BD
- 2
- BA
- 1,801
- SqFt
Courtesy of Cushman & Wakefield . lee.wagner@cushwake.com,417-459-2155
- List Price
- $599,000
- Type
- Multifamily
- Property Sub Type
- Duplex
- Status
- ACTIVE
- MLS Number
- 1788443
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft Total
- 1,801
- Neighborhood
- Broadmoor
- Year Built
- 1956
Property Description
124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling approximately 1,801 square feet. Each unit features a functional 2-bedroom, 1-bathroom/1.5 bathroom floor plan designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting. The property offers two carport spaces on 124 and two car garage at 126, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term appreciation potential. Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area's most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado's most desirable places to live. Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.
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Additional Information
- Lot Size Acres
- 0.21
- Lot Size Sq Ft
- 8,964
- Tax Amount
- $1,381
- Tax Year
- 2025
- Sewer
- Public Sewer
- Basement Type
- Crawl Space
- Heating
- Forced Air
- Cooling
- None
- School District
- Colorado Springs 11
- Elementary School
- Hunt
- Middle Or Junior School
- North
- High School
- Palmer
- Parking Total Searchable
- 2
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