735 E Vermijo Avenue
Colorado Springs, CO 80903
Description
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!
Property Details
- School DistrictColorado Springs 11
- RoofComposite Shingle
- RegionColorado Springs
- Exterior FeaturesMasonite Type
- Property TypeMulti-Family
- CountyEl Paso
- MLS #8763791
- MLS #8763791
- Cost475000
- Property SubtypeDuplex
- Year Built1998
Location
Legal
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Last Updated: . Source: PPMLS
Listing Courtesy
Listing Agent: Jeff Gaddis CNE (#009607), Phone: (719) 439-7647, Email: Jeff@AnyHomeNow.com
Listing Office: Progressive Property Group LLC (#00000132)
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