1138568780178619
Megan Powell

519 N Chestnut Street, Colorado Springs, CO 80905

$439,000
  • 519 N Chestnut Street, Colorado Springs, CO 80905 Main Photo

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Active
BEDS0 BATHS0.0 MLS#4900927
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSherman

Property Description

Turn-key, fully furnished West Side home with great investment potential next to Old Colorado City area! Boasting a strong history of rental income, this versatile property offers a prime opportunity to live in one home and rent the other. The main home features a nice balance of unique original character and modern comforts. Log pillars, exposed beams, and a custom hand-carved rollout counter and cabinet give the space its distinctive charm. The interior has a well-appointed queen bedroom, a full bath, and a full kitchen that flows into a breakfast bar area and comfortable living space. Designed to maximize natural light, the home features expansive windows and a skylight that invite a steady cross breeze. Outdoor living is equally effortless, offering a private patio and turf yard equipped with a propane grill and seating. Just across the large concrete patio sits Unit B, a fully equipped 550-square-foot house. This private secondary living space features a plush King bed, a full bathroom, a convenient kitchenette, a stackable washer/dryer, and a mini-split system for personalized heating and cooling. Skylights with built-in covers on the roof give seasonal flexibility. Outside, a small fence encloses its private, walk-out stamped concrete patio, creating a beautifully secluded retreat. The expansive 9,000 SF lot features alley access, mature trees and incredible investment flexibility. The R-2 zoning and lot layout provide multiple configurations for short-term rentals, long-term leasing, multi-generational living, space to build more or a combination. Property manager and host team is open to continuing management if needed. Final property enhancements are currently being completed, including fresh exterior paint and deck refinishing to ensure it is completely turn-key. Absolute prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, Cheyenne Canyon, I-25, and Highway 24.

519 N Chestnut Street | MLS# 4900927

This multi-family property located at 519 N Chestnut Street, Colorado Springs, CO 80905 is currently listed for sale with an asking price of $439,000. Search Colorado Springs real estate on www.meganknowsgj.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Other, See Prop Desc Remarks
Heating: Electric, Natural Gas
Lot Size: 0.21 Acres
Roof Type: Rolled
Taxes: $1,119
Year Built: 1942

Feature Descriptions

Appliances: 220v in Kitchen, Cook Top, Dishwasher, Dryer, Microwave Oven, Oven, Refrigerator, Washer
Days on Site: 12
Existing Utilities: Cable Available, Electricity Connected
Exterior: Wood
Fence: See Prop Desc Remarks
Laundry Facilities: Electric Hook-up
Sewer: Sewer
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: Fathom Realty Colorado LLC
Agency Phone: 888-455-6040

Shown By

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

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Estimated Payment

$ 2,326.91 per month $2,105.62 Principal & Interest $93.25 Property Tax $128.04 Homeowner's Insurance

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