1501 Manitou Boulevard Unit

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Sold Colorado Springs, CO 80904 MLS# 5998110 Sold by Josh Rowland on 10/30/2020
$369,900
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Multi-Family Property Type
0 Bedroom
0 Bathroom
2 Garage
1572.00 Sq Ft
0.18 Acres
1980 Year Built

Overview

BEAUTIFULLY UPDATED DUPLEX! This one is turn key and ready for tenants. This could probably be converted back to a single family home. This is a fantastic opportunity to own a piece of west-side cashflow real estate. Live in one unit and rent the other or rent out both. You'll find great tenants who want to be close to downtown, old colorado city and convenient to I-25 and Highway 24. Water is shared on one meter, electric is metered per unit. Lawn care and water by HOA. HOA recently replaced parking lot, updated the landscaping and put a new manager in place.

New Home Sales Hours

Courtesy Of RE/MAX Real Estate Group Inc
Source: REcolorado

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    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Association Fees,Water
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed Cats OK,Number Limit

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? Yes
    • Basement Crawl Space
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 1,572
    • Living Area, Finished 1,572
    • Above grade, Finished 1,572
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $235.31
    • PSF Finished $235.31
    • PSF Above Grade $235.31
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Dishwasher,Oven
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls 1 Common Wall
    • Exclusions Personal property
    • Flooring Carpet,Laminate
    • Furnished
    • Interior Features Eat-in Kitchen,Open Floorplan
    • Laundry Availability In Unit
    • Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type 2 Bedroom
    • Total Units 1
    • Average Rent
    • Average SqFt
    • Dishwashers 1
    • Washers
    • Dryers
    • Hookups 1
    • Refrigerators
    • Stoves 1
    • Air Conditions 0
    • Fireplaces
    • Storage Units
    • Description Upper
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 2
    • Unit Type 2 Bedroom
    • Total Units 1
    • Average Rent
    • Average SqFt
    • Dishwashers 1
    • Washers
    • Dryers
    • Hookups 1
    • Refrigerators
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description Lower
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 2

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Duplex
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Frame,Wood Siding
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Garden,Rain Gutters
    • Fencing Partial
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Deck
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Landscaped,Level
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.18
    • Lot Size Dimensions
    • Lot Size SqFt 7,864
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $2,055,000
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility Public Maintained Road
    • Road Surface

    Parking/Garage

    Parking Space Summary

    Parking Features
    Asphalt,Concrete

    • Total Parking Spaces 4
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 2
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling None
    • Green Energy Efficient
    • Heating Baseboard,Electric
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 110V,220 Volts
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Electricity Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) Yes
    • HOA Fee Includes Irrigation Water,Maintenance Grounds,Snow Removal,Trash
    • Total Annual HOA Fees $3,000
    1st HOA
    • HOA Manitou Townhouse Improvement Association
    • Type Self Managed
    • Fee $250.00 Monthly
    • Phone (719) 331-6440
    • Total Annual Fee $3,000.00
    • Website manitoutia@gmail.com
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed Cats OK,Number Limit
    • Rentals Allowed Long Term
    • Restrictions Other
    • Restrictions Other Lease Addendum from Association
    • Restrictions/Covenants? Yes

    Financial Considerations

    Summary

    • Cap Rate 7.30
    • Cap Rate Calculation Projected annual net income over purchase price.
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $
    • Operating Expense Includes Association,Insurance,Real Estate Tax
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Commission Information
    • Buyer Agency Compensation 2.80%
    • Transaction Broker Compensation 2.80%
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified NA
    • Closing Comments
    Income details
    • Actual Annual Net Income $
    • Gross Income $
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $6,037
    • Projected Annual Net Income $26,963
    • Projected Gross Income $33,000
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $1,337
    • Legal Description LOT 9 TOG WITH AN UNDIVIDED 1/9TH INT IN AND TO TRACT A BRAMS SUB NO 2
    • Tax Exemptions
    • Tax ID 74123-08-034
    • Tax Year 2019
    Other
    • Tenant Pays Electricity
    • Utilities Metering Common Water,Separate Electric
    • Utilities Paid By Tenant Direct Billing from Utility

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Brams Sub 2
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent South side of manitou blvd.
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? Yes
    • Zoning PUD
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $369,900
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty 0
    • Ownership Corporation/Trust
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1980

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    School Zone

    District: Colorado Springs 11
    Schools: West Elementary School, Coronado High School, West Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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