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Home for Sale at 3640 W Colorado Avenue, Colorado Springs, CO 80904

 
 
 
 
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     For additional information, contact Keller Williams Realty DTC Phone: (303) 771-7500
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3640 W Colorado Avenue, Colorado Springs, CO 80904
Listing# 4432210
 
 
 
 
Price: $1,900,000
Type: CommercialSale
County: El Paso
 
 
 
 
    Photo of home for sale at 3640 Colorado Avenue W, Colorado Springs CO
    

Courtesy of Denver Realty Group

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Property Description:
 
 
 
 
Rare Opportunity, to own Multifamily & Retail!! 7-Units total, 6 apartments with one retail space. Centrally located between Old Colorado City and Manitou Springs, this Little Getaway with C-5 / HS Zoning is ideal for all kinds of cash flow. Current business operation is The Chronic Boutique a Dispensary operating in 1,000sf retail space. Also currently has 5 apartments rented through AIRBNB as The Little Getaway. The Chronic Boutique and The Little Getaway are just 12 min west of downtown Colorado Springs. Property is to include 1,000sf curbside Retail, two duplexes and a 3-bed 2-bath managers home that has another 1 bed 1 bath rental unit attached, for a total of 7-units. Current marijuana business gets walk-ins (thanks to excellent location off W Colorado Ave. and high visibility). Current AIRBNB business gets internet reservations, as repeat/return clients from great overall internet reviews for well managed and clean property. Owner will leaseback 1,000sf retail space at a minimum of $5,000 per month. Owner currently lives in main home in 3bed 2bath at 1,100sf (owner will move or leaseback unit) Situated on .31 acres, these four buildings have well maintained stucco exteriors, roofs, exterior/interior paint, plenty of parking spaces in rear, and a garden area in the back along with two large storage sheds. All interiors have been maintained and renovated over the course of ownership. Main 1,100sf home is updated with stainless steel appliances, granite throughout, hardwood floors, walk-in shower, and jacuzzi spa bathtub upstairs. Options for a live/work arrangement, or an owner operator, could also just simply make this a 6th rental seeking $1,600 plus per month. Additionally a 7th apartment can be converted above this home for a total of 8-units as it already has the necessary mechanicals and separate entrance in place. All information provided is deemed reliable, but is not guaranteed and should be independently verified by buyer.

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:CommercialSale
Property Subtype:Retail
Listing Status:Active
Building:The Chroninc Boutique
Style:LowRise
Year Built:1942
Acres:0.31
Lot Features:CornerLot,NearPublicTransit
Construction:Block,Frame,Concrete,Stucco
Roofing:Composition
Parking Features:Concrete
Parking Total:15
Garage Spaces:15
Water:Public
Sewer:PublicSewer
Utilities:ElectricityConnected,NaturalGasConnected,HighSpeedInternetAvailable,PhoneConnected,SewerConnected
 
 
 
 
FEATURES:
 
 
 
 
Security Features:SecuritySystem,FireAlarm
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$1,900,000
Annual Taxes:$5,778
Tax Year:2019
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Lifestyle, neighborhood, and school data ("Supplemental Data") is provided by the operator of this website as a convenience to users. This Supplemental Data is not provided or reviewed by REcolorado. The operator of this website updates the Supplemental Data from time to time, but it does not represent, warrant or otherwise promise that the Supplemental Data is current, free from defects, or error-free. All Supplemental Data is provided AS IS with all faults. Users are encouraged to consult their own data sources to confirm the accuracy of all Supplemental Data before using the Supplemental Data as a basis for any decision. Complete list of data sources.


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