$475,000
For Sale

735 E Vermijo Avenue

Colorado Springs, CO 80903
Browse 44 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

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

Joe CoffeltReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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