703 E Costilla Street Colorado Springs, CO 80903

Listing Agency Better Homes and Gardens Real Estate Kenney & Company s***@kenneyandcompany.net Show Phone

2120-a Academy Circle S, Colorado Springs, CO

Listed by Daniel Jones Show Phone

Added: Apr 9 Checked: Jul 17 at 4:06 pm

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MLS# 8066314 Listing URL

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Investment Insights

Based on property information with market context.

Located on a corner lot in downtown Colorado Springs' Hillside community, this property is a shovel-ready, urban infill apartment complex. It offers an opportunity to build 10 luxury, Class A units with mountain views and proximity to downtown amenities. The property's Opportunity Zone tax benefits allow for potentially paying zero capital gains taxes on the sale after building and owning the apartments for ten years. The project is ready for builder permits, with all drawings and site variances approved and stamped by the city, and tap fees already paid. The units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. The property is 0.2181 acres.

Key Highlights

• Opportunity Zone: Zero capital gains taxes after 10 years.
• Shovel‑ready: Approved plans, permits ready, tap fees paid.
• 10 luxury, Class A apartment units in downtown Colorado Springs' Hillside community.

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FAQs

What type of property is this?

Residential land & home lot - Shovel-ready apartment complex in downtown Colorado Springs' Hillside community.

Where is this residential land & home lot located?

The property is located at 703 E Costilla Street Colorado Springs, CO.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Opportunity Zone: Zero capital gains taxes after 10 years.; Shovel‑ready: Approved plans, permits ready, tap fees paid.; **10 luxury, Class A apartment units** in downtown Colorado Springs' Hillside community.