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506 W Cheyenne Road

Colorado Springs, CO 80906
  • $950,000
  • STATUS: Active
  • ON SITE: 73 Days
  • ID#: 4815857
UPDATED: 61 min ago
$950,000
  • 4
    BEDS
  • 0.5
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,379
    SQFT
  • $399
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of The Rawhide Company: (719) 598-3198.

Description

Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a single-family home with a 4-plex and a second detached 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced back yard and large front yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units, a detached two-car garage and a large open space. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.

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Pikes Peak Multiple Listing Service logo Venterra Real Estate LLC- Licensed in the State of Colorado. 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-11-01T15:41:12.887.
www.venterrahomes.com/homes/153827105
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506 W Cheyenne Road Colorado Springs, CO 80906

  • Price: $950,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 61 min ago
  • ID#: 4815857
4
Beds
2
Baths
0
½ Baths
0.5
Acres
2,379
SQFT
$399
$/SQFT
1954
Built
Neighborhood:
Fenmoor
County:
El Paso
Area:
Colorado Springs
School District:
Cheyenne Mtn-12
Property Description
Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a single-family home with a 4-plex and a second detached 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced back yard and large front yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units, a detached two-car garage and a large open space. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
Exterior Features

Driveway Gravel Fence RearSee Prop Desc Remarks Floor Plan Ranch Foundation Details Full Basement Garage Amenities Garage Door Opener Garage Remotes 1 Garage Type Attached Lot Description Level Lot Location Near Schools Lot Size 21748.0000 Lot Size Units SqFt Outbuildings OtherSee Prop Desc Remarks Roof Other Siding Masonite TypeStuccoWood Structure Frame

Interior Features

Appliances RangeRefrigerator Basement Percent Finished 100 Cooling NoneSee Prop Desc Remarks Fireplace Description OneWood Burning Heating Forced AirNatural Gas Laundry Facilities None Main Floor Bedroom YN Yes Sq Ft Finished 2379 Sq Ft Lower Floor 0 Sq Ft Lower Percent 0 Sq Ft Main Floor 1391 Sq Ft Total Basement 988 Sq Ft Upper Floor 0

Property Features

Association Fee 0.00 Association Fee Frequency Not Applicable Construction Status Existing Home HOACovenants Exist YN No Notices Not Applicable Tax Amount 3524.13 Tax Year 2023 Terms CashConventional Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedTelephone Water Municipal Wells Number 0



Pikes Peak Multiple Listing Service logo Venterra Real Estate LLC- Licensed in the State of Colorado. 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-11-01T15:41:12.887.
 
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Venterra Real Estate LLC
802 S Tejon St.
Colorado Springs CO, 80903
Pikes Peak Multiple Listing Service logo Listing provided courtesy of The Rawhide Company: (719) 598-3198.