CO > Colorado Springs
Colorado Springs, CO 80906,506 W Cheyenne RD
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Colorado Springs, CO 80906,506 W Cheyenne RD
Colorado Springs, CO 80906,506 W Cheyenne RD
Colorado Springs, CO 80906,506 W Cheyenne RD
Colorado Springs, CO 80906,506 W Cheyenne RD
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Chris Wedgwood

Chris Wedgwood

RE/MAX Alliance

+1(303) 815-6243
$ 950,000
Est. payment /mo
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Price Dropped by $250K

506 W Cheyenne RD Colorado Springs, CO 80906

0.5 Acres Lot

UPDATED:

09/24/2024 03:41 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6514427

HOA Y/N No

Originating Board recolorado

Year Built 1954

Annual Tax Amount $3,468

Tax Year 2022

Lot Size 0.500 Acres

Acres 0.5

Property Description

Thank you for your interest in this unique property in a desirable part of Colorado Springs near the Broadmoor resort. It is not uncommon to find a home with a cottage(ADU) on the lot, but it is rare to find a home with a 4-plex and a second 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 attached garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage all rented separately). Live in the front house and rent 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.

Location

State CO

County El Paso

Zoning R1-6 R2

Interior

Fireplace N

Exterior

Garage Driveway-Gravel

Garage Spaces 4.0

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Roof Type Composition,Membrane

Parking Type Driveway-Gravel

Total Parking Spaces 4

Garage Yes

Building

Sewer Public Sewer

Water Public

Structure Type Frame,Other,Stucco,Wood Siding

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

REColorado (REColorado MLS)
© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by RAWHIDE COMPANY REALTORS THE • Rawhideno1@aol.com,719-338-3053

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Chris Wedgwood

Broker Associate | License ID: 100071313

+1(303) 815-6243 | chris@denverevolution.com

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506 W Cheyenne RD