719 N Nevada Avenue, Colorado Springs, CO

$1,200,000

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0.22

Acres

About 719 N Nevada Avenue

What an amazing charming 1889 Victorian 5 plex. The woodwork throughout the home is stunning, original and historical. There are three beautiful vintage fireplaces. This property is eligible for the National historic register. The secured front entrance leads to a common lobby for all tenants. The back yard is a common area for all tenants to use. The basement could be finished with two possible new units. There is plumbing for a possible new laundry area. Other possibilities include office space or storage. There are 10-12 spaces available for parking in the back of the property with alley access. Three of those space can be rented out to the renters next door if needed. It is commercial zoning that allows for many uses. All of the units have been leased for several years to professionals. There hasn't been any advertising needed. There have been many improvements since 2016 on this property. There will be a list of items provided to the potential buyer as there are too many to list. This is a 5 plex zoned commercial: RENTS ARE BELOW MEDIAN, 3 OF THE 5 UNITS WILL BE RAISED IN SEPTEMBER; Unit 1 = 2 beds, 1 bath, kitchen, living area 800 sq.ft., Unit 2 = 2 beds, 1 bath, kitchen, living area 800 sq.ft., Unit 3 = 1 bed, 1 bath, kitchen, living area 575 sq.ft., Unit 4 = 1 bed, 1 bath, kitchen, living area 475 sq.ft., Unit 5 = a loft, 1 bed, living area, 1 bath, kitchen 550 sq.ft. The property is near Colorado College's new Hockey Stadium. The basement has potential to be used as a laundry area, office space or storage area for more rent income. Three of the units leases expire August 2021. For more income details and information on this property, go to MLS#9849659 or contact the listing agent. Photos show exterior, interior common areas, a few previous photos on one unit, and basement only - schedule a showing to see interiors of the 5 individual units as they are all private to protect the tenants.

Features of 719 N Nevada Avenue

MLS® # 9849659
Price $1,200,000
Acres 0.22
Year Built 1889
Type Income
Sub-Type 5-Plex
Status Active

Community Information

Address 719 N Nevada Avenue
Subdivision Colorado Springs Addition
City Colorado Springs
County El Paso
State CO
Zip Code 80903

Amenities

Utilities Cable, Electricity, Natural Gas, Telephone
Parking Spaces 10

Interior

Appliances Dishwasher, Refrigerator, Range Oven (Gas/Elec)
Heating Forced Air, Baseboard, Natural Gas
Cooling None
Fireplace Yes
# of Fireplaces 3
Fireplaces Three, See Prop Desc Remarks, Wood
Has Basement Yes

Exterior

Exterior Wood
Roof Composite Shingle
Foundation Full Basement

School Information

District 11-Colorado Springs

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSkyline Properties, Inc

Listing Map

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