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Sold for $705,000 on 07/10/24
  • $705,000

    311 Farragut Ave, Colorado Springs, CO 80909

    6beds
    3baths
    2,280sqft
    Single Family Residence
    Built in 1952
    -- sqft lot
    $682,500 Zestimate®
    $309/sqft
    $2,292 Estimated rent

    Owner options

    List your home for rent

    $2,292/mo

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    $2,292/mo

    Rent Zestimate®

    Refinance and save

    $3,869/mo

    Est. payment

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    $3,869/mo

    Est. payment

    What's special

    Welcome to your dream property located in the heart of Colorado Springs. This house and cottage/ADU offers the perfect blend of contemporary living and investment potential. Whether you're seeking a charming home with supplementary income or a savvy investment opportunity, this property caters to your needs. The main house features a spacious 4 bedrooms and 2 bathrooms provide ample space for comfortable living. Enjoy modern conveniences with central air and heating, ensuring year-round comfort. The main house boasts a beautifully landscaped private yard, perfect for outdoor gatherings and relaxation. Currently leased on a one-year agreement, providing immediate rental income for investors. The Cottage/ADU is a separate 2-bedroom, 1-bathroom house, fully furnished for your convenience. Ideal for multi-generational living, accommodating guests, or generating additional rental income. Zoned R2, offering flexibility for both short-term and long-term rental options. The ADU is currently set up for short-term rental, maximizing income potential for investors. Built in 2022, the cottage showcases modern finishes and thoughtful design throughout and guests of the short term rental absolutely love it! Situated just moments away from downtown, enjoy easy access to dining, shopping, and entertainment. Close proximity to Memorial Hospital and the Olympic Training Center makes it an ideal location for traveling professionals, and olympic athletes seeking temporary accommodation. Whether you envision yourself living in the cottage while leasing the main house, or maximizing rental income by renting out both properties, this versatile offering presents endless possibilities. Don't miss out on this rare opportunity to own a piece of Colorado Springs thriving real estate market. Schedule your viewing today!

    Zillow last checked: 8 hours ago

    Listing updated: July 10, 2024 at 09:31am

    Listed by:

    Charlie Peace 719-502-1827,

    Equity Colorado Real Estate

    Bought with:

    Leeann Perea GRI MRP

    HomeSmart

    Source: Pikes Peak MLS,MLS#: 2332705MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Electric, Forced Air, Heat Pump
    Cooling
    • Central Air
    Appliances
    • Laundry: Electric Hook-up
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,280 sqft

    Property

    Parking
    • Total spaces: 4
    Lot
    • Size: 8,250 sqft
    Details
    • Parcel number: 6417107013

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Framed on Lot
    • Roof: Composite Shingle
    Condition
    • Year built: 1952

    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
    $682,500