Address
501 N Weber Street Colorado Springs, CO
Price
$ 799,900
Property Attributes
  • MLS#5007405
  • TypeContingent
  • CountyEL PASO
  • CityColorado Springs
  • AreaColorado Springs
  • Zip80903
  • StyleAptmts(6+Units)
  • Year Built1895
  • Taxes2279
  • Price$ 799,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,752 SqFt
Listing Provided Courtesy Of:
Equity Colorado Llc
Property Description

A rare opportunity for investors with an amazing downtown location. This well maintained 6 plex with high occupancy (between 93% - 100%) and consistent rental history. Unit 1 is a 3 bed/1 bath ground floor with 2 fireplaces and a fenced yard, Unit 2 is a 2 bed/1 bath with a huge balcony with mountain views, Unit 3 is a 2 room studio, Unit 4 is a 2 room studio with mountain views, Unit 5 is a studio with a private balcony and views and Unit 6 is a 1 bed/1 bath on the ground floor. Tenants pay close to 75% of utilities. Excellent location for rentals with high tenant loyalty, all tenants paid full rents on time even during Covid! Charming complex with original hardwood floors in each unit and vintage features. All units have been recently painted and/or updated. New exterior paint 2019, new water heater 2018, new deck/balcony 2018 and new roof 2016. Please contact for current rent roll, since this MLS formate does not allow for the 6th unit rent. Plenty of street parking for tenants and guests. The decks and patios have gorgeous mountain views with extended living space for tenants, additionally there's a fenced common space. Upper units have a secure access to hallway. This property is located blocks from Acacia park and beautiful downtown Colorado Springs (very walkable)! Close to Colorado College, shopping and restaurants. This building could be rented by room to College students, there are a potential of renting 9 rooms.

Price History
10/21/2020 Listed $799,900

General Features

Appliances Gas in Kitchen, Range Oven, Refrigerator
Property Sub Type Aptmts(6+Units)
Property Type Income
Roof Composite Shingle
School District Colorado Springs-11
Status Under Contract - Showing
Sub Area Unknown
Tax Amount 2279.00
Tax Year 2019
Utilities Cable, Electricity, Natural Gas
Water Municipal

Interior Features

Fire Place Desc Two
Laundry Facility None
Unit Count 5

Exterior Features

Fence Community, Front
Foundation Crawl Space, Partial Basement
Lot Size 6750.0000
Lot Size Area 6750.00
Siding Stone, Stucco
Structure Wood Frame

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80903

Price
AVG $490K
$800K
Taxes
AVG $1,640
$2,279
Visits
AVG 33
3
Year Built
AVG 1936
1895
Walkscore
AVG 53
87
Data Provided by Walkscore ® not using MLS data

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