704 Cooper Ave, Colorado Springs, CO 80905
- $550,000
Courtesy of Carolin Weiss.
- List Price
- $550,000
- Price Change
- ▼ $25,000 1784662966
- Type
- Multifamily
- Property Sub Type
- Duplex
- Status
- ACTIVE
- MLS Number
- 6627664
- Neighborhood
- Unknown
- Year Built
- 1889
Property Description
Fully renovated up-down duplex in a central Colorado Springs location, offering strong income potential and flexibility for owner-occupants or investors. Each unit features 2 bedrooms and 1 bathroom, along with brand-new appliances and private in-unit laundry. The downstairs unit includes a bright enclosed sunroom with its own separate entrance, while both units share a fully fenced yard. Live in one unit and offset your mortgage with rental income from the other, or explore additional revenue through short-term rental opportunities. The upstairs Unit is currently rented until Jun 30, 2027. The downstairs Unit is rented until Jun 30, 2027. Both units have maintained a 0% vacancy rate in recent years, highlighting the property’s consistent rental demand. Additional income potential includes a separately rented garage and space to add an ADU (zoned R-2; buyer to verify with city). This is a rare opportunity to own a turnkey property with multiple income streams in a desirable location. Sewer Line was lined in 2022, which comes with a 50 year warranty that transfers to the new owners. New Furnace and New Split Units in Upstairs Unit. All Foundation issues were addressed and completed in 2022.
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Additional Information
- Lot Size Acres
- 0.2101
- Lot Size Sq Ft
- 9,150
- Tax Amount
- $1,449
- Water Source
- City
- Sewer
- Sewer
- Basement Type
- Crawl Space
- Heating
- Forced Air, Other, Wall Furnace
- Cooling
- Ceiling Fan(s), Central Air, Other, Window/Wall
- School District
- Colorado Springs 11
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