Price Reduction - Fixer Upper
Address
414 N Corona Street Colorado Springs, CO
Price
$ 369,900
Property Attributes
  • MLS#6606841
  • TypeContingent
  • CountyEL PASO
  • CityColorado Springs
  • AreaColorado Springs
  • NeighborhoodDowntown Central
  • Zip80903
  • StyleHouse W/Cottage
  • Year Built1905
  • Taxes1640
  • Price$ 369,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,501 SqFt
Listing Provided Courtesy Of:
Reid Investments, Inc.
Property Description

Fantastic Investment Property in a great downtown location! This area is in high demand and the places have always stayed rented! The front house is a 2 bedroom, 1 bath house that has updated windows and aluminum siding. It could use some TLC and updating inside, but was rented for the amount listed for over a year to the last renter who just moved out at beginning of August. It has washer and dryer included off the back laundry area. Only reason it is empty is to allow for showings. Since this is the only unit that is showable, we highly recommend you go down into the basement and check out the foundation and other HVAC. At some point it was fully braced up with steel beams from the front to back to support it. I am sure there will be things that show up on any inspection with a house built in 1905, so please be willing to move forward with the sale AS-IS before writing any offer. The middle cottage at 410A got new carpet, paint, and flooring two years ago. It is probably due for a roof in the next few years. It has a full bath and forced air heating. The rear unit 410B was built around the garage in 1981. It has one bedroom on the main garage level, and then upstairs is the living room, kitchen, and full bathroom. It also has A/C, hot water heating, and washer and dryer hookups off the garage area. It is long overdue for a rent increase but the tenant has been in there on Section 8 housing for many years. Please note that this is an AS-IS sale and it is priced accordingly! Give it some TLC and care, and the value of this property will just go up! Similar income properties in the area are priced much much higher! This is a GREAT DEAL!! Where else are you going to find three separate houses on one lot for this price in Colorado Springs?!

Price History
8/27/2020 Listed $379,900
9/4/2020 3% - $369,900

General Features

Property Sub Type House W/Cottage
Property Type Income
School District Colorado Springs
Status Under Contract - Showing
Sub Area Downtown Central
Tax Amount 1640.00
Tax Year 2019
Water Assoc/Distr

Interior Features

Laundry Facility Electric Hook-up, Gas Hook-up
Unit Count 3
Utilities Electricity, Natural Gas

Exterior Features

Lot Size 7500.0000
Lot Size Area 7500.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80903

Price
AVG $380K
$370K
Taxes
AVG $1,484
$1,640
Visits
AVG 44
14
Year Built
AVG 1934
1905

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