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    1012 N Wahsatch Avenue

    Colorado Springs, CO 80903
    • $900,000
    • STATUS: Active Under Contract
    • ON SITE: 10 days
    • ID#: 1309389
    Under Contract
    UPDATED: 43 min ago
    $900,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1894
    County:

    School Ratings & Info

    School District:
    Listing provided courtesy of Shorewood Real Estate Soco.

    Description

    This charming Victorian a block away from Colorado College has been converted to a duplex with 2 additional cottages for a total of 4 rental units. These units have been leased for several years to Colorado College seniors with no advertising needed beyond word-of-mouth. Rents are below median and are still providing a 6% cap rate and a debt cover ration of 129%, above what most lenders require. On site parking spaces are available. High walk And biking scores with many restaurants, coffee shops, and entertainment opportunities on and near the campus.

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    8z Real Estate- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2020-11-26T17:40:50.527.
    coloradosprings.8z.com/homes/111909825
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    1012 N Wahsatch Avenue Colorado Springs, CO 80903

    • Price: $900,000
    • Status: Active Under Contract
    • Updated: 43 min ago
    • ID#: 1309389
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1894
    Built
    Neighborhood:
    Elisha C Kimballs
    County:
    El Paso
    Area:
    Colorado Springs
    School District:
    Colorado Springs-11
    Property Description
    This charming Victorian a block away from Colorado College has been converted to a duplex with 2 additional cottages for a total of 4 rental units. These units have been leased for several years to Colorado College seniors with no advertising needed beyond word-of-mouth. Rents are below median and are still providing a 6% cap rate and a debt cover ration of 129%, above what most lenders require. On site parking spaces are available. High walk And biking scores with many restaurants, coffee shops, and entertainment opportunities on and near the campus.
    Exterior Features

    Fence All Foundation Details Partial Basement Lot Size 9500.0000 Lot Size Units Sqft Roof Composite Shingle Siding Wood Structure Wood Frame

    Interior Features

    Appliances DryerRange OvenRefrigeratorWasher Cooling None Heating Forced AirNatural Gas Laundry Facilities Common

    Property Features

    Earnest Money 10000 Income Property Sub Type Divided Multifamily Notices Broker Owned Tax Amount 2421.00 Tax Year 2019 Unit Count 4 Utilities ElectricityNatural Gas Water Municipal



    8z Real Estate- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2020-11-26T17:40:50.527.
     
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    8z Real Estate
    602 S Tejon St
    Colorado Springs CO, 80903
    Listing provided courtesy of Shorewood Real Estate Soco.