735 E Vermijo Avenue
Colorado Springs, CO 80903
- – beds
- – baths
- – sqft
- 9,509 sqft lot
- 1998 build
- – on site
Investor’s Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
Last checked:
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Last updated Nov 1, 2024
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MLS# 8763791 —
The Building
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Year Built:1998
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Roof:Composite Shingle
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Siding:Masonite Type
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Structure:HUD Standard Manu, UBC/IBC/IRC Standard Modular, See Prop Desc Remarks
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Foundation Details:Crawl Space
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Unit Count:2
Interior
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Fireplace Description:Gas, Two, See Remarks
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Laundry Facilities:Electric Hook-up
Location
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Latitude:38.828884
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Longitude:-104.811542
The Property
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Property Type:Income
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Property Subtype:Duplex
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Construction Status:Existing
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Lot Size:9511
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Lot Size Area:9511.00
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Lot Size Units:SqFt
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Acres Total:0.2183
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Fence:See Prop Desc Remarks
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Handicap:See Prop Desc Remarks
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Alley:Gravel
Listing Agent
- Contact info:
- Agent phone:
- (719) 439-7647
- Office phone:
- (719) 439-7647
Taxes
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Tax Year:2023
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Tax Amount:$1,417.54
Beds
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Total Bedrooms:6
Baths
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Total Baths:4
The Listing
Heating & Cooling
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Heating:Forced Air, See Prop Desc Remarks
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Cooling:None, See Prop Desc Remarks
Utilities
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Utilities:Cable Available, Electricity Connected, Natural Gas Connected, See Prop Desc Remarks
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Water:Municipal
Appliances
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Appliances:Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
Schools
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School District:Colorado Springs 11
Parking
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Parking Spaces Number Of:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/1/24
Nov 1, 2024
|
Price Changed | PPMLS | $485,000 | -3.0% |
|
10/7/24
Oct 7, 2024
|
Listed / Active | PPMLS | $500,000 | |
|
9/23/16
Sep 23, 2016
|
Listed / Active | PPMLS |
