735 E Vermijo AVE new Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80903
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9174479
Construction Status Existing
HOA Y/N No
Year Built 1998
Annual Tax Amount $1,417
Tax Year 2023
Lot Size 9,511 Sqft
Property Sub-Type Duplex
Property Description
Turnkey Duplex in Prime Downtown Location with Strong Rental History. This Fully Occupied, Income-Generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area just east of sprawling Downtown Colorado Springs, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, 1 minute to Downtown, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
Location
State CO
County El Paso
Area Werner
Interior
Cooling None,See Prop Desc Remarks
Fireplaces Number 1
Fireplaces Type Gas,Two,See Remarks
Laundry Electric Hook-up
Exterior
Garage Spaces 6.0
Fence See Prop Desc Remarks
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,See Prop Desc Remarks
Roof Type Composite Shingle
Building
Foundation Crawl Space
Water Municipal,See Prop Desc Rem
Structure Type HUD Standard Manu,UBC/IBC/IRC Standard Modular,Frame,See Prop Desc Remarks
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Not Applicable
Virtual Tour https://www.propertypanorama.com/instaview/ppar/9174479