1304 E Pikes Peak Ave, Colorado Springs, CO 80909

Nice duplex that would be great for living in one side and having the other side pay more than half of the expenses. The property is located close to downtown with a large lot that affords plenty of off street parking. Partially fence area that can be used for BBQs and outside eating. Great location across the street from Memorial park allowing access to Tennis courts, volleyball, swimming, boating on prospect lake and many other recreational activities. SEE SUPPLEMENTAL REMARKScould be $25 to $50/unit higher if the large 2 car garage were part of the income structure. The garage could be used by both units or rented out as a separate storage for RV, boats etc. With present rents the cap rate is 5%, with more realistic rents the cap rate is 5.5% to 6%.