Active
506 W Cheyenne Road
Colorado Springs CO, 80906
$1,200,000
$504.41 per sqft
Active
2,379 sqft
Commercial
Built in 1954
Thank you for your interest in this unique property in a desirable part of Colorado Springs near the Broadmoor resort. It is not uncommon to find a home with a cottage(ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car attached garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage all rented separately). Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
6514427
MLSⓇ ID
May 5, 2024
Listed
May 9, 2024
Updated
Map
506 W Cheyenne Road
Colorado Springs CO, 80906
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.5 Acres
Roof
Composition, Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$3,468
Tax Frequency
Annually
Garage
Yes
Garage Spaces
4
Parking
Driveway-Gravel
Parking Total
4
View
No
County
El Paso
Water Source
Public
Pool
No
Zoning
R1-6 R2
Buyer Agency Compensation
2%
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Data last updated 7:25 AM UTC, 5/9/2024
