406 S 10th Street is a $1,299,900, 4,300 square foot home on a 0.34 acre lot located in Colorado Springs, CO.
DO NOT MISS THIS COVERED LAND PLAY OPPORTUNITY! This is an incredibly unique opportunity to own a 5-plex in a great area of Colorado Springs. Yes, the units are in great condition and have loads of character in each one. However, the massive value on this property is the empty lot attached. This lot is already zoned R5 so you can build up to 8 units on it. There is also the option to subdivide and sell off the land, put that money towards the existing 5-plex, and recast your loan for maximum cashflow. These are only two of the several possibilities that this property has to offer. All units of this 5-plex are leased out. Leases are available upon request. 1 month old boiler system, newer roof, siding is in good condition, decking is in good condition, and all units are clean. Residents love living in these units due to the walkability, access to public transit, trails, and bike paths. The property is currently being managed by the award winning Atlas Real Estate property management company. The PM has a great relationship with residents and there is no deferred maintenance on the property. Do NOT miss out on this opportunity to get creative using real estate to build wealth!!!
Public Maintained Road
Carbon Monoxide Detector(s)
Near Public Transit
|Property Sub Type|
Low Rise (1-3)
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