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Off market
  • $780,700

    123 N Hancock Ave, Colorado Springs, CO 80909

    6beds
    2,850sqft
    SingleFamily
    Built in 1908
    0.38 Acres Lot
    $780,700 Zestimate®
    $274/sqft
    $3,282 Estimated rent

    Owner options

    List your home for rent

    $3,282/mo

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    $3,282/mo

    Rent Zestimate®

    Refinance and save

    $4,292/mo

    Est. payment

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    $4,292/mo

    Est. payment

    What's special

    2019 remodeled incredible income property opportunity. 2 seperate homes on property w/ 3 car garage. Main home 4 bedrooms and 3.5 baths ~2k sq/ft. The guesthouse is 2 bed 2 baths ~950 sq/ft above the three-car garage. Brand new renovations on both homes 2019. MAin home has two masters with private ensuites, one of them a main level master second is upstairs with insane Pikes Peak View. Beautifully redesigned kitchen with marble countertops 12-foot ceilings. Two more bedrooms upstairs, one king bedroom, one kid's bedroom, with a shared bathroom. Brand new HVAC with AC/heat, washer and dryer on the main level with all new top line stainless appliances in kitchen. Partially finished basement with mechanical and storage of 700sq ft. Private patio overlooking pikes peak, massive driveway with access from the street and the alley, with parking for 6 vehicles. Guest house can be used as a fully prepped income property or mother in law suite. Has 1 master bedroom with ensuite bath, and a second bedroom with its own bathroom. Brand new kitchen, HVAC with A/C, electrical and plumbing. washer and dryer in the garage. with storage room. garage as access to interior stairs for cold weather access to the home from the garage. $$$$$$ - Currently, the Main home is a fully furnished and functioning AirBnb generating $4,000-$6,000/ month. The guest house is designed to cater to short term rentals with a projected $2,400- $3,600/month income. This is an incredible property for any investor or homeowner who wants their mortgage paid for, it will not last long! If a buyer puts $50K down and finaces $600K. You are looking at a payment of $2,837 (as of May 8th rates). If you decide to live in the front house and rent the back for $120/night (current going rate for Airbnb) you could pay your entire mortgage in 24 nights. Or if you decide to live in the back house and continue renting the Main home at $200/night (this is hat we charge, we would transfer our customers to you) you could pay for the mortgage in 8 nights. We are currently booked for every single night in June and 87% occupancy for July. This property is zoned R2 and can legally be operating compliantly as a dual AirBnb if you wish to rent out both properties. Potential income is $9,600/month!! at full occupancy. We are a husband-wife team that invested our entire saving into renovating the amazing property and wish to get our money back and do it again with another one. We have loved this process and thoroughly enjoyed being Airbnb owners, and hope to do this with our next property! Act right now, because this incredibly unique property will go extremely fast! Good luck

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Other
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood, Linoleum / Vinyl
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,850 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage - Detached
    Features
    • Exterior features: Stucco, Wood
    • Has view: Yes
    • View description: Park, City, Mountain
    Lot
    • Size: 0.38 Acres
    Details
    • Parcel number: 6417115025

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Roof: Composition
    Condition
    • Year built: 1908

    Community & neighborhood

    Location
    • Region: Colorado Springs
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    Estimated market value
    $780,700