Jennie Lee

411 Olive Street, Colorado Springs, CO 80904

$629,000
  • 411 Olive Street, Colorado Springs, CO 80904 Main Photo

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New to the Market Active
BEDS0 BATHS0.0 MLS#2799155
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONWest Colorado Springs

Property Description

An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces.The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior accessâ??creating excellent flexibility for guests, extended family, or continued rental use.For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals.Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach.Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.

411 Olive Street | MLS# 2799155

This multi-family property located at 411 Olive Street, Colorado Springs, CO 80904 is currently listed for sale with an asking price of $629,000. Search Colorado Springs real estate on jennie.thecuttingedgerealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s)
Fenced: Yes
Fireplaces: None
Garage: 4
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Composite Shingle
Taxes: $1,400
Year Built: 1948

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
Basement/Foundation: Full Basement, Walk Out
Days on Site: 2
Existing Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Exterior: Stucco
Fence: All
Laundry Facilities: Common, Electric Hook-up
Sewer: Sewer
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: Keller Williams Premier Realty
Agency Phone: 719-445-0234

Shown By

Agent Name: Jennie Lee
Agent Phone: (303) 870-0411
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 3,398.41 per month $3,098.29 Principal & Interest $116.67 Property Tax $183.46 Homeowner's Insurance

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Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

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