111 Crystal Park Rd, Manitou Springs, CO 80829

$1,195,000
7
BD
5
BA
3,344
SqFt

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List Price
$1,195,000
Status
ACTIVE
MLS#
5865099
Price Change
▼ $100,000 1791090220
Year Built
1957
Bedrooms
7
Bathrooms
5
Living Area
3,344
Region
Out of Area
Subdivision
Crystal Park

Property Description

**Rare opportunity to own a completely remodeled, turnkey four-plex in the heart of Manitou Springs** Cash flow from day one! This one-of-a-kind, boutique property offers FOUR fully remodeled residences PLUS a detached art studio! Each residence features a high-quality interior remodel with updated kitchens and bathrooms, new appliances, flooring, paint, lighting, and stylish finishes throughout. Situated on a beautiful almost half-acre lot with tons of parking and room for an RV! Major capital improvements are already complete, including a newer roof, custom gutters, concrete work, exterior paint, new doors and windows, refurbished furnaces, electrical and plumbing work, plus two brand-new 50-gallon water heaters. This is a highly sought-after, supply-constrained market, making it a great addition to an investment portfolio, 1031 exchange property, or for an owner-occupant who wants to live in one while collecting rent from the other three.*House Hack* Park an RV on the back of the land and collect the rents from all 4 units! Manitou Springs is a highly sought-after tourist destination with a prominent arts scene, creative character, active lifestyle, and year-round events! Located within walking distance of restaurants, the Cantina, art galleries, shopping, community events, and hiking trails. Views of the Manitou Incline, Garden of the Gods, and Pikes Peak. Great opportunity to own a one-of-a-kind, income-producing property in Manitou Springs! Also a possible short-term rental opportunity, with potential expansion of the art studio into a fifth unit. Please check with the city/county for more information.

Additional Information

Taxes
$4,400
Style
Contemporary
School District
Manitou Springs District 14
Elementary School
Manitou Springs
Middle School
Manitou Springs
High School
Manitou Springs
Heating
Forced Air, Baseboard, Ductless
Cooling
Ceiling Fan(s)
Utilities
Separate Meters, Separate Meters
Garage Spaces
8
Tenant Pays
Gas, Electricity

Listing courtesy of Sarah St. James.

sarahsellsdenver@hotmail.com,720-544-9129

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