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1617 N Chestnut St, Colorado Springs, CO 80907

$962,000
: 8
BD
: 5
BA
: 3,802
SqFt

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Sold Price: $962,000
List Price: $999,050
Closing Date: Feb 28, 2025
Type: Multifamily
Property Sub Type: Quadruplex
Status: CLOSED
MLS Number: 9011885
Bedrooms: 8
Bathrooms: 5
Sqft Total: 3,802
Year Built: 1919

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Property Description

Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.4
Lot Size Sq Ft: 17,424
Tax Amount: $2,640
Water Source: Public
Sewer: Public Sewer
Basement Type: Finished, Full
Heating: Hot Water
Cooling: None
School District: Colorado Springs 11
Elementary School: Bristol
Middle Or Junior School: North
High School: Coronado