13
See all 13 photos
$375,000
Est. payment /mo
4,800 Sqft Lot
New
522 N Spruce ST Colorado Springs, CO 80905
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Key Details
Property Type Single Family Home
Sub Type House W/Cottage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7721819
Construction Status Existing
HOA Y/N No
Year Built 1899
Annual Tax Amount $1,033
Tax Year 2024
Lot Size 4,800 Sqft
Property Sub-Type House W/Cottage
Property Description
Westside House and Cottage! Located in a quiet, established neighborhood, this property is full of potential. The house recently emptied from a long term tenant while the cottage is occupied through June 2025. The house has 2 bedrooms (one non-conforming), and one full bathroom. The cottage consists of one bedroom, one 3/4 bath, and a kitchen open to the living room. The house can be re-rented, or remodeled to bring in higher rents and unlock significant equity. The separately metered cottage is ideal for rental income, and both homes have their own dedicated off-street parking. Sewer lines for both homes have been replaced. Solid rental history for past 15 years. Live in one and rent the other, or rent both for double the cash flow. Located just minutes from schools, parks, shopping, and I-25, the location makes this property a smart buy. Opportunities like this are getting harder to find. Bring your vision, and turn this property into profit. Schedule your showing today and see the potential for yourself. This is priced to sell!
Location
State CO
County El Paso
Area Hastings
Interior
Cooling None
Laundry Electric Hook-up
Exterior
Garage Spaces 3.0
Utilities Available Electricity Connected, Natural Gas Connected
Building
Foundation Crawl Space
Water Municipal
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Established Rental History, Lead Base Paint Discl Req, See Show/Agent Remarks, Sold As Is
Listed by Equity Colorado Real Estate