1138568780178619
Megan Powell

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
BEDS4 BATHS2 MLS#2108724
STATUSActive PROPERTY TYPEResidential - Single Family 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# 2108724

This single family home located at 411 Olive Street, Colorado Springs, CO 80904 is currently listed for sale with an asking price of $629,000. This property was built in 1948 and has 4 bedrooms. Olive Street is located in the West Colorado Springs subdivision. Search West Colorado Springs real estate on www.meganknowsgj.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fan(s)
Fenced: Yes
Fireplaces: None
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Composite Shingle
Stories: 1.0
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
Floor Plan: Ranch
Garage Amenities: None
Garage Type: None
Laundry Facilities: Basement, Electric Hook-up, Main
LotDescription: City View, Mountain View, Trees/Woods
Percentage of Basement Finished: 100
Sewer: Sewer
Square Footage: 585 (Basement)
View: City, Mountain
Water: Municipal
Wooded: Yes

Listed By / Shown By

Listed By

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

Shown By

Agent Name: Megan Powell
Agent Phone: Cell: (303) 501-3111
Agency Title: Key Realty

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Estimated Payment

$ 3,317.06 per month $3,016.94 Principal & Interest $116.67 Property Tax $183.46 Homeowner's Insurance

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