517 Canon Ave, Manitou Springs, CO 80829

Peace, Love and Profit! 3 Single-Family Cottages in Downtown Manitou Springs — Over $40K Annual Gross Income. Rare opportunity to own three fully rented single-family cottages on one lot in the heart of Downtown Manitou Springs. This turnkey multi-unit property generates over $40,000 in yearly gross rental income, with room for future rent increases and upside potential. Positive cash flow from day one. Each of the three Manitou Springs cottages (approx. 400 sq. ft. each) is thoughtfully updated to reduce maintenance and increase tenant satisfaction. Recent upgrades include: • New windows • Fresh interior and exterior paint • Refinished hardwood floors • Floor-to-ceiling tiled showers • New kitchen appliances (refrigerators and gas stoves) • Shared Laundry Unit Tenants enjoy private off-street parking in a dedicated lot, with one space per unit. A shared laundry area (washer & dryer) is conveniently located onsite. Each unit includes a bright living room, a full kitchen with space for dining, and a separate bedroom space with closet space and remodeled ¾ bath. Several units feature office-ready bedroom layouts and private front or back patios, perfect for outdoor living. The property sits on a quiet street just steps from downtown, offering walkable access to Manitou’s shops, restaurants, and public transit. Tenants appreciate the privacy and charm, while investors benefit from consistent occupancy and strong demand in a high-traffic vacation and arts destination. This is a rare, cleanly divided triplex of detached cottages in a sought-after rental market — a true gem for portfolio-minded investors looking for steady, low-hassle cash flow in one of Colorado’s most unique communities.