Active

506 W Cheyenne Road

Colorado Springs CO, 80906

$950,000


Active

Multi-family

Built in 1954

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 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 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. 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.

6889547

MLS ID

May 4, 2024

Listed

November 22, 2024

Updated

Map

506 W Cheyenne Road
Colorado Springs CO, 80906

Interior Features

Fireplace

Yes


Fireplace Description

Wood Burning


Cooling

No


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.5 Acres

School Information

School District

Cheyenne Mtn-12

Other Property Details

Taxes

$3,524


Tax Frequency

Annually


Garage

No


View

No


County

El Paso


Pool

No

Listing History

Date

Event

Price

8/31/2024

Price change

$950,000

-21%

Listed by Douglas Barber C2EX CRB EPRO GRI REDS, The Rawhide Company

Listing Contact: 7195983198

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Data Last Updated: 11/22/2024

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