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Home » Real Estate » CO » Colorado Springs » 80907 » 1617 N Chestnut St, Colorado Springs, CO, 80907
$1,150,000

1617 N Chestnut St, Colorado Springs, CO, 80907

8 Beds
5 Baths
3,802 Square Feet
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.
Offered By
Shawn Keehn shawn@davebrownteam.com,719-439-1651, COLDWELL BANKER 1ST CHOICE REALTY

Property Details

Property Type Residential Income
Status Active
Bedrooms 8
Property Sub Type Income Property
Square Feet 3,802
MLS # 9011885

Market Trends

New Properties On Market
11
267% Increase In New Listings
Average Asking Price
$685,389
$191,423 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$280
$68 Increase In List Price/Sq. Ft.
Average Days On Market
21
15 Day Decrease In Days On Market
Data as of Sep 22, 2024. Remaining statistics above are calculated on activity within the period from Jul 01, 2024 to Aug 31, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 9/18/2024 at 2:33 am