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Property profile

1822 E Pikes Peak Ave Colorado Springs, CO 80909

FOR SALE
Duplexes
Property ID
US13-0523850
2,240 SF Built 1951
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Property summary

AI-generated overview

This is a freshly remodeled duplex. The maple flooring in the upstairs bedrooms have been refinished, and new tile floors have been added to the entries, bathrooms, and kitchens. There was a new furnace and AC installed, servicing the upstairs unit. This duplex has three bedrooms and one full bathroom up top. The kitchen has a dishwasher, disposal, and a gas stove; an electric hookup is also available. This property could be used as an office, hair studio, or any number of businesses, as it is zoned commercial. It has room to park three or four cars out front. The lower unit has shared laundry and a garage. You will find another kitchen, a bedroom, an office/bedroom, and a full bathroom. There is a yard in back and a driveway to the garage off the easement. The water and trash service is paid for by the owner, and the electric and gas expenses are paid by the tenants. The duplex has been a very steady rental at $1350 for the top and $1250 for the lower unit. The owner believes the rents could be raised to the current market of around $1500/$1400. It may also rent well, fully furnished, to traveling nurses, considering the location. Commercial - C-6 (General Business) https://coloradosprings.gov/page/property-zoning-and-what-it-means?mlid=29086 Finished SF 2016 Lot size 4850 SF Lower unit video. https://youtu.be/t5SdlXb9Q1E?si=2e_X5b5GwUXW3Tuc https://youtu.be/E1TjoUOIaYk?si=PoF3Vr2wOvVkej_m This is an agent-owned property.

Property profile

Verified
Property type Duplexes
Year built 1951
Total area 2,240 SF
UPID US13-0523850

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dog Walker Animals

Location

1822 E Pikes Peak Ave Colorado Springs, CO 80909
Colorado Springs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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