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502 Cheyenne Avenue

Simla, CO 80835
  • $369,900
  • STATUS: Active
  • ON SITE: 86 Days
  • ID#: 6729251
UPDATED: 41 min ago
$369,900
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:
Area:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Equity Colorado Real Estate: Equity Colorado Real Estate.

Description

Amazing investment property that is an income producing set of 5 homes and a storage facility. The property sits on over .75 acres and has a main home that is a remodeled 2 story stick built home with a detached 2 car garage with a long term tenant plus 4 single wide mobile homes of which 3 have been fully renovated and are rented to long term tenants. This listing also includes a 12 unit storage building that has roll up doors and a concrete floor. A great cash flowing property, even at today's interest rates! All mobile homes have had numerous updates for long term reliability such as updated pex water lines, fully insulated skirting and crawlspace heaters installed to negate any frozen water line concerns. Long term tenants are all up to date on payments and cover their own utilities. This property needs minimal owner involvement and is a great first investment property or a great investment for seasoned investors! Only expense to owner is propane tank rent, insurance and taxes! Amazing cashflow! Bring your buyers before its gone! Upgrades to homes include but are not limited to all pex water lines throughout, new furnaces- some replaced as early as 2017 and as late as 2022. Each property has its own propane tank and are all metered separately for power, water and sewer. Each tenant is responsible for their own lawn maintenance and snow removal. Current leases are in place. Current owner is relocating for warmer weather.

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Pikes Peak Multiple Listing Service logo The PCS Team™ | Keller Williams Partners- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2023-03-30T18:40:56.05.
www.719pcs.com/homes/135687000
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502 Cheyenne Avenue Simla, CO 80835

  • Price: $369,900
  • Status: Active
  • On Site: 86 Days
  • Updated: 41 min ago
  • ID#: 6729251
0
Beds
0
Baths
0
½ Baths
0.78
Acres
1945
Built
Neighborhood:
Simla Original
County:
Elbert
Area:
Simla
School District:
Big Sandy-100J
Property Description
Amazing investment property that is an income producing set of 5 homes and a storage facility. The property sits on over .75 acres and has a main home that is a remodeled 2 story stick built home with a detached 2 car garage with a long term tenant plus 4 single wide mobile homes of which 3 have been fully renovated and are rented to long term tenants. This listing also includes a 12 unit storage building that has roll up doors and a concrete floor. A great cash flowing property, even at today's interest rates! All mobile homes have had numerous updates for long term reliability such as updated pex water lines, fully insulated skirting and crawlspace heaters installed to negate any frozen water line concerns. Long term tenants are all up to date on payments and cover their own utilities. This property needs minimal owner involvement and is a great first investment property or a great investment for seasoned investors! Only expense to owner is propane tank rent, insurance and taxes! Amazing cashflow! Bring your buyers before its gone! Upgrades to homes include but are not limited to all pex water lines throughout, new furnaces- some replaced as early as 2017 and as late as 2022. Each property has its own propane tank and are all metered separately for power, water and sewer. Each tenant is responsible for their own lawn maintenance and snow removal. Current leases are in place. Current owner is relocating for warmer weather.
Exterior Features

Fence See Prop Desc Remarks Foundation Details Post And Pier Lot Size 0.7750 Lot Size Units Acres Parking Spaces Number Of 10 Structure Framed On LotSingle Wide

Interior Features

Appliances 220V in KitchenDishwasherDryerKitchen Vent FanRange OvenRefrigeratorWasher Cooling Ceiling Fan(S) Fireplace Description Wood Heating ElectricPropaneSee Prop Desc Remarks Laundry Facilities Electric Hook-Up Unit Total Baths 8 Unit Total Beds 14

Property Features

Earnest Money 5000 Income Property Sub Type Mix Use Notices Broker OwnedEstablished Rental HistoryLead Base Paint Discl ReqSold As Is Tax Amount 591.92 Tax Year 2022 Unit Count 5 Utilities ElectricityPropaneTelephone Water Assoc/Distr



Pikes Peak Multiple Listing Service logo The PCS Team™ | Keller Williams Partners- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2023-03-30T18:40:56.05.
 
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The PCS Team™ | Keller Williams Partners
6140 TUTT Blvd. #100
Colorado Springs CO, 80923
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Equity Colorado Real Estate: Equity Colorado Real Estate.