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126 Deer Path Avenue

Manitou Springs, CO 80829
  • $1,600,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 3421218
UPDATED: 208 min ago
$1,600,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Embers Real Estate, Llc: Embers Real Estate, Llc.

Description

Nestled in the foothills of downtown Manitou Springs, just blocks from parks, schools, galleries and more, lies a once-in-a-lifetime-opportunity to receive income from a fully leased turn-key triplex with excellent rental history, strong CAP rates, long term tenants, and no history of vacancies, all the while living on-site in a fully renovated 4-bedroom + bonus room with oversized heated 2-car garage ranch style home, but if that weren't enough, there is also a 5-bay shop/garage included with 4 bays using 12' doors and having 13' interior clearances, 1 of which bays include a concrete built-in oil changing pit! Use this shop/garage to store your toys or machinery on site with you, or rent it to the tenants for extra income! ~*~*~*~ Rents listed include *current* (not market) rate for the triplex. House & shop/garage are projected at $3000 and $820 respectively as they were previously owner occupied. This means there is room for financial growth into market rate rents!*$7,895+/mo gross income potential & opportunity to switch utility costs over to tenants increasing your monthly net.* Capital expenditure costs are not a worry with all the major components of the property already taken care of reflecting pride of ownership through the years.~*~*~*~ Main House: spacious, bright & open, new waterproof luxury vinyl planked flooring, a quaint orchard sitting above a generously sized landscape-ready, fully fenced yard, LED lighting, updated bathrooms, modernized kitchen, all new appliances, granite countertop, all new baseboards, & a fresh coat of paint both inside and out.~*~*~*~ The Enormous flat lot has plenty of room for maneuvering large vehicles & trailers all the while having ample off-street parking for your tenants & any guests. Don't miss the panoramic mountain views to include The Incline & Pikes Peak.We can't wait to show you what else this property has to offer!

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Pikes Peak Multiple Listing Service logo Enrich Home Team at Keller Williams Freedom- 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 2022-08-08T23:40:55.707.
www.enrichhometeam.com/homes/130988201
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126 Deer Path Avenue Manitou Springs, CO 80829

  • Price: $1,600,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 208 min ago
  • ID#: 3421218
0
Beds
0
Baths
0
½ Baths
0.76
Acres
1953
Built
Neighborhood:
Manitou Springs
County:
El Paso
Area:
Manitou Springs
School District:
Manitou Springs-14
Property Description
Nestled in the foothills of downtown Manitou Springs, just blocks from parks, schools, galleries and more, lies a once-in-a-lifetime-opportunity to receive income from a fully leased turn-key triplex with excellent rental history, strong CAP rates, long term tenants, and no history of vacancies, all the while living on-site in a fully renovated 4-bedroom + bonus room with oversized heated 2-car garage ranch style home, but if that weren't enough, there is also a 5-bay shop/garage included with 4 bays using 12' doors and having 13' interior clearances, 1 of which bays include a concrete built-in oil changing pit! Use this shop/garage to store your toys or machinery on site with you, or rent it to the tenants for extra income! ~*~*~*~ Rents listed include *current* (not market) rate for the triplex. House & shop/garage are projected at $3000 and $820 respectively as they were previously owner occupied. This means there is room for financial growth into market rate rents!*$7,895+/mo gross income potential & opportunity to switch utility costs over to tenants increasing your monthly net.* Capital expenditure costs are not a worry with all the major components of the property already taken care of reflecting pride of ownership through the years.~*~*~*~ Main House: spacious, bright & open, new waterproof luxury vinyl planked flooring, a quaint orchard sitting above a generously sized landscape-ready, fully fenced yard, LED lighting, updated bathrooms, modernized kitchen, all new appliances, granite countertop, all new baseboards, & a fresh coat of paint both inside and out.~*~*~*~ The Enormous flat lot has plenty of room for maneuvering large vehicles & trailers all the while having ample off-street parking for your tenants & any guests. Don't miss the panoramic mountain views to include The Incline & Pikes Peak.We can't wait to show you what else this property has to offer!
Exterior Features

Fence None Foundation Details Slab Lot Size 0.7600 Lot Size Units Acres Parking Spaces Number Of 7 Roof Composite Shingle Siding Stucco Structure Framed On LotWood Frame

Interior Features

Appliances DishwasherRange OvenRefrigerator Cooling None Fireplace Description None Heating Baseboard Laundry Facilities None Unit Total Baths 5 Unit Total Beds 7

Property Features

Earnest Money 20000 Income Property Sub Type Triplex Notices Established Rental HistoryLead Base Paint Discl Req Tax Amount 1785.13 Tax Year 2021 Unit Count 5 Utilities ElectricityNatural Gas Water Municipal



Pikes Peak Multiple Listing Service logo Enrich Home Team at Keller Williams Freedom- 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 2022-08-08T23:40:55.707.
 
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Enrich Home Team at Keller Williams Freedom
6436 S U.S. Hwy 85 87
Fountain CO, 80817
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Embers Real Estate, Llc: Embers Real Estate, Llc.