209 N Arcadia Street, Colorado Springs, CO 80903

$799,900
4
BD
4
BA
2,176
SqFt

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List Price
$799,900
Status
ACTIVE
Days on Market
105
Price Change
▼ $25,100 1782367172
MLS#
7516300
Style
Victorian
Year Built
1900
Bedrooms
4
Bathrooms
4
Living Area
2,176
Lot Size
4,160
Acres
0.10
Subdivision
Highland
Neighborhood
Highland

Property Description

Exciting Shooks Run Multi-family will kick-start your real estate investment portfolio! This profitable property consists of four fully furnished rental units! Walkable to Shooks Run Trail and Downtown Colorado Springs, the location can’t be beat! Owned and operated with tender loving care, every piece of décor has been selected to tell a story. Guests and tenants love staying here! Unit 1 is a two-story space with a groovy 1960’s theme! This unit walks out to the back parking lot. Unit 2 is a single level studio apartment with a Murphy bed and a 1930’s design! Unit 3 is two stories with a cozy interior and drive-up parking at the front, and no units above or below it. Unit 4 has a Mid Century style. This garden level space features direct access to the laundry room. Two units operate as monthly furnished rentals, while Units 1 and 4 are rented as annual furnished rentals. There is a parking lot for a total of three off-street parking spaces, as well as plenty of street parking. There’s a very nice large patio and sitting area in the back of the property. Enjoy a Pikes Peak view and alley access also. The on-site laundry room includes owned coin-operated washer and dryer for a little extra income. A central boiler serves the whole property. Each unit has portable A/C included. Owner provides one internet connection which the building shares. The rents include utilities and trash. Plumbing has been upgraded to PEX. The units have been operated let-free and smoke-free! This property has been in huge demand with many loyal visitors planning their visits in advance to make sure they get to stay here.

Additional Information

Taxes
$1,173
Property Description
Victorian
Zoning
R-2
Appliances
Dryer, Microwave, Oven, Range, Refrigerator, Washer
Heating
Hot Water, Natural Gas, Radiant
Air Conditioning
Air Conditioning-Room
Levels
Two
Roof
Composition
School District
Colorado Springs 11
Elementary School
Columbia
Middle School
North
High School
Palmer
View
Mountain(s)

Courtesy of Live Dream Colorado LLC . Lauren@LiveDreamColorado.com,719-272-1765

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