Sold

1617 N Chestnut Street

Colorado Springs CO, 80907

$962,000


Sold

Multi-family

Built in 1919

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.

1231214

MLS ID

September 6, 2024

Listed

March 1, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Hot Water


Basement

Yes

Exterior/Building Features

Lot Size

0.4 Acres


Roof

Shingle

School Information

School District

Colorado Springs 11

Other Property Details

Taxes

$2,640


Tax Frequency

Annually


Garage

No


View

No


County

El Paso

Listing History

Date

Event

Price

2/28/2025

Sold

$962,000

1/12/2025

Under contract

12/2/2024

Price change

$999,050

-9%

10/17/2024

Price change

$1,095,000

-5%

Bought with Non Member, Non Member and Listed by Shawn Keehn CRS PSA, Coldwell Banker 1st Choice Realty

Listing Contact: 7196870900

The real estate listing information and related content displayed on this site 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. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Data Last Updated: 3/1/2025

©2025 Pikes Peak REALTOR® Services Corp, All rights reserved.       

 

Powered byLuxury Presence