$294,000
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516 W Boulder ST Colorado Springs, CO 80905
4 Beds
2 Baths
2,015 SqFt
Key Details
Sold Price $294,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,015 sqft
Price per Sqft $145
Subdivision Sherman
MLS Listing ID 6033330
Sold Date 02/16/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,608
Year Built 1900
Annual Tax Amount $699
Tax Year 2021
Lot Size 4,400 Sqft
Acres 0.1
Property Sub-Type Single Family Residence
Source recolorado
Property Description
No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.
Location
State CO
County El Paso
Zoning R2
Rooms
Basement Partial
Main Level Bedrooms 4
Interior
Heating Forced Air
Cooling None
Flooring Carpet, Wood
Fireplace N
Appliance Dryer, Microwave, Oven, Range, Refrigerator, Washer
Exterior
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Bristol
Middle Schools Holmes
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT