UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,572 sqft
Price per Sqft $165
Subdivision Colo Spgs
MLS Listing ID 6314533
HOA Y/N No
Abv Grd Liv Area 2,572
Originating Board recolorado
Year Built 1892
Annual Tax Amount $869
Tax Year 2024
Property Sub-Type Triplex
Property Description
The property consists of three well-maintained units, offering a desirable mix of rental options. It is ideally situated for tenants who wish to live in close proximity to the dynamic energy of Downtown Colorado Springs. With rents below market rates, there is immediate potential to increase income by adjusting rents to reflect current market conditions.
Situated in the heart of Downtown Colorado Springs, this property is just steps away from an abundance of dining, coffee shops, boutique retailers, and entertainment venues. The area is known for its lively atmosphere, rich cultural offerings, and unique shopping experiences, making it a highly desirable destination for residents.
322 E St Vrain Street represents a solid investment with the potential for both immediate cash flow and significant value appreciation. With under-market rents and long-term ownership, this property offers an ideal opportunity to increase rental income, creating substantial upside for a new owner. Its location in one of the most desirable and walkable neighborhoods in Colorado Springs, combined with the potential for rent growth, makes this asset a prime addition to any investor's portfolio.
Location
State CO
County El Paso
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Roof Type Architecural Shingle
Total Parking Spaces 4
Garage No
Building
Sewer Community Sewer
Level or Stories Two
Structure Type Cement Siding
Schools
Elementary Schools Taylor
Middle Schools North
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA