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Rebecca Rykhus

rebeccarykhuscorealty@gmail.com +1(480) 735-9437

$ 585,000

Est. payment -/mo

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4416 N Chestnut ST Colorado Springs, CO 80907

10,034 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7801664

Construction Status Existing

HOA Y/N No

Year Built 1968

Annual Tax Amount $1,418

Tax Year 2024

Lot Size 10,034 Sqft

Property Sub-Type Duplex

Property Description

Welcome to this meticulously maintained duplex located on the sought-after West Side of Colorado Springs, an unbeatable location close to hiking and biking trails, Garden of the Gods, Old Colorado City, and downtown. This versatile property delivers both comfort and potential income. Conveniently located, the property has quick access to trails, parks, shops, and schools. Use both units as income-producing rentals or move into one unit and rent the other out as a long-term rental or an Airbnb. The property is zoned R-5, and is ready for the savvy investor to develop the lot by adding units. The property has been lovingly maintained inside and out and is turnkey, ready for immediate ocupancy. Property highlights include all new windows in Unit 1 (2024), freshly painted exterior, and a gated, private yard. Low-maintenance landscaping means easy upkeep, low water bills, and better cash flow. Buyers will love the 10' x 14' Tuff Shed, oversized 2-car garage with room for storage or workshop space, and new window coverings in both units. Unit 1 features newer stainless steel appliances, drinking water filtration system in kitchen, wood-burning fireplace, fiber internet and data wiring for high-speed connectivity. Unit 2 boasts complete updates throughout, a gas fireplace, and keyless entry. Each unit offers comfortable living spaces, private entries, and thoughtful updates, making this an ideal property for investors, house hackers, or owner-occupants. Don't miss your chance to own a duplex on the vibrant West Side—a rare find with true income potential in an area with a strong history of appreciation and rental income. Schedule your showing today! Please note, Unit 2 previously operated by the owner as an Airbnb, with potential earnings of $2,700+/month shown in rental income of listing. Unit 1 has rent ESTIMATED in the listing at $1,550 on the open rental market but is currently occupied by Seller, at zero rent.

Location

State CO

County El Paso

Area Holland Park

Interior

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Gas, Two, Wood Burning

Laundry Common, Electric Hook-up

Exterior

Garage Spaces 2.0

Fence Rear

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected

Roof Type Composite Shingle

Building

Foundation Garden Level

Water Municipal

Structure Type Framed on Lot,Frame

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Special Listing Condition Established Rental History, Lead Base Paint Discl Req, See Show/Agent Remarks, Sold As Is

Unit 2

Sqft 980

Beds 2

Baths 1

Garages 1

Rent Price 2700

Occupied N

Furnished Y

Unit 1

Sqft 980

Beds 2

Baths 1

Garages 1

Rent Price 1550

Occupied Y

Furnished N

Listed by Reid Realty, Inc

Rebecca Rykhus

Broker Associate

+1(480) 735-9437

Rebecca Rykhus

4416 N Chestnut ST Colorado Springs, CO 80907

Key Details

Location

Interior

Exterior

Building

Schools

Others

Unit 2

Unit 1

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4416 N Chestnut ST