704 Cooper Avenue, Colorado Springs, Colorado 80905
IncomeProperty Type
1889Year Built
Property Description
Fully renovated up-down duplex in a central Colorado Springs location, offering strong income potential and flexibility for owner-occupants or investors. Each unit features 2 bedrooms and 1 bathroom, along with brand-new appliances and private in-unit laundry. The downstairs unit includes a bright enclosed sunroom with its own separate entrance, while both units share a fully fenced yard. Live in one unit and offset your mortgage with rental income from the other, or explore additional revenue through short-term rental opportunities. The upstairs Unit is currently rented until Jun 30, 2027. The downstairs Unit is rented until Jun 30, 2027. Both units have maintained a 0% vacancy rate in recent years, highlighting the property’s consistent rental demand. Additional income potential includes a separately rented garage and space to add an ADU (zoned R-2; buyer to verify with city). This is a rare opportunity to own a turnkey property with multiple income streams in a desirable location. Sewer Line was lined in 2022, which comes with a 50 year warranty that transfers to the new owners. New Furnace and New Split Units in Upstairs Unit. All Foundation issues were addressed and completed in 2022.
Basic Details
Income
For Sale
6627664
$575,000
1889
Active
Duplex
Carolin Weiss
Carolin Weiss MRP
Features
: Forced Air, Wall Furnace, Other
: Ceiling Fan(s), Central Air, Wall Unit(s), Other