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Tim Kampmann

tim@kampmannrealty.com +1(303) 618-9892

$ 1,600,000

Est. payment | -/mo

0.65 Acres Lot

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$ 1,600,000

Est. payment | -/mo

Save Virtual Tour

0.65 Acres Lot

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8640606

Style Bungalow,Chalet,Cottage,Studio

HOA Y/N No

Year Built 1920

Lot Size 0.654 Acres

Acres 0.65

Property Sub-Type Multi Family

Property Description

Charm, history, and an unbeatable location come together in this exceptional Westside investment opportunity bordering Manitou Springs. Set against the backdrop of Pikes Peak, this unique income-producing property spans four parcels zoned R-2 and features nine residential units, including a beautifully restored historic 2-bedroom, 1-bath Craftsman home, a newer 2-bedroom, 1-bath two-story cottage, four 1-bedroom cottages, and three studio cottages. Currently operating as a successful combination of long-term and short-term rentals, this property offers exceptional flexibility for investors and future owners. Continue operating as an income-producing rental portfolio (buyer to verify all licensing requirements), create a private family compound with rental income, establish a corporate or church retreat, or explore future redevelopment opportunities. One parcel includes grandfathered rights for an additional dwelling, creating even greater long-term potential. The setting is truly one of a kind. Directly across the street, horseback riders from the neighboring riding stable pass by daily, creating the feeling of a mountain retreat while being just minutes from Old Colorado City, Garden of the Gods, Manitou Springs, downtown Colorado Springs, shopping, dining, hiking and biking trails, schools, and convenient access to I-25. The property features mature trees, charming cottages, inviting outdoor gathering areas, and assigned parking throughout the complex. Each unit has been updated while preserving the character and charm that make this property so appealing to tenants and guests alike. With multiple income streams, an irreplaceable location, flexible zoning, and future development potential, opportunities like this rarely become available on Colorado Springs' highly sought-after Westside. Financial information is available upon request with a signed confidentiality agreement.

Location

State CO

County El Paso

Zoning R-2 HS

Exterior

Exterior Feature Balcony, Dog Run, Garden

Utilities Available Electricity Connected, Natural Gas Connected

Waterfront Description Public

Roof Type Shingle

Private Pool No

Building

Lot Description Corner Lot, Foothills, Irrigated, Landscaped, Near Public Transit

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Chalet, Cottage, Studio

Others

Tax ID 74032-05-023

Virtual Tour https://tour.giraffe360.com/c8771b1f39ca4e84a611d629c3f3d844/

Listed byPulse Real Estate Group LLC

Schools and Properties Nearby

Tim Kampmann

Agent License ID: 100099881

+1(303) 618-9892 | tim@kampmannrealty.com

102 Holly ST Colorado Springs, CO 80904

Tim Kampmann

Key Details

Location

Exterior

Building

Others

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102 Holly ST