No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.

Information

Price: $325,000

Days On Market: 160

Year Build: 1900

Square Footage: 1,608 Sq ft

Total Baths: 2

Full Baths: 2

Bedrooms: 4

Nearby Schools

BristolElementary School

HolmesMiddle School

CoronadoHigh School

Details

Address: 516 W Boulder Street

County: El Paso

City: Colorado Springs

Neighborhood: Sherman

Zip: 80905

State: Colorado

Location

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