This meticulously updated four-bedroom, two-bathroom home offers an ideal primary residence and an enticing rental investment. Modern finishes and a prime location near Prospect Lake and downtown Colorado Springs ensure broad tenant appeal. The property's R2 zoning adds exceptional value, allowing for the potential development of a second residence on the same lot. This unique feature provides flexibility for expanded rental income or versatile living arrangements. Professionally landscaped front and backyard spaces enhance the property's charm, offering a low-maintenance outdoor retreat. The spacious patio is perfect for entertainment, elevating the home's overall attractiveness. To further entice investors, the seller is also interested in selling all furniture, streamlining the rental process and providing tenants with a fully furnished residence. The property's proximity to Prospect Lake, outdoor activities, parks, and trails all near downtown Colorado Springs amplifies its rental potential, appealing to those seeking a vibrant lifestyle. With easy access to major highways and nearby amenities, tenants enjoy seamless commuting and daily convenience. Whether you're searching for your dream home or a strategic investment, this residence, with its R2 zoning, strikes a balance of style, convenience, and rental potential. Schedule your showing today to explore the lucrative possibilities this property holds for your real estate portfolio!
Sold for $365,000 on 03/22/24
$365,000
1112 E Rio Grande St, Colorado Springs, CO 80910
4beds
1,800sqft
Single Family Residence
Built in 1955
6,250.86 Square Feet Lot
$355,900 Zestimate®
$203/sqft
$2,159 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 22, 2024 at 05:28am
Listed by:
Reza Zahedi 937-974-8053,
Reza Sells, LLC
Bought with:
Valerie Bays ABR GREEN
Bays Real Estate Corp
Source: Pikes Peak MLS,MLS#: 9015440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Basement
- Area: 900
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry: In Basement
Features
- Flooring: Carpet, Tile, Wood
- Basement: Partial,Partially Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
- Finished area above ground: 900
- Finished area below ground: 900
Property
Parking
- Parking features: No Garage
Features
- Patio & porch: Concrete
- Fencing: Back Yard
Lot
- Size: 6,250 sqft
- Features: See Remarks, Hiking Trail, Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center, Landscaped
Details
- Parcel number: 6420101016
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composite Shingle
Condition
- Existing Home
- New construction: No
- Year built: 1955
Utilities & green energy
- Water: Municipal
Community & neighborhood
Location
- Region: Colorado Springs
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
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Estimated market value
$355,900