Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
Listing photo for 3640 W Colorado Avenue, Colorado Springs, CO
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3640 W Colorado Avenue,

Colorado Springs, CO $1,900,000

$1,900,000

0.31 Acre
15 Garages

Rare Opportunity, to own Multifamily & Retail!! 7-Units total, 6 apartments with one retail space. Centrally located between Old Colorado City and Manitou Springs, this Little Getaway with C-5 / HS Zoning is ideal for all kinds of cash flow. Current business operation is The Chronic Boutique a Dispensary operating in 1,000sf retail space. Also currently has 5 apartments rented through AIRBNB as The Little Getaway. The Chronic Boutique and The Little Getaway are just 12 min west of downtown Colorado Springs. Property is to include 1,000sf curbside Retail, two duplexes and a 3-bed 2-bath managers home that has another 1 bed 1 bath rental unit attached, for a total of 7-units. Current marijuana business gets walk-ins (thanks to excellent location off W Colorado Ave. and high visibility). Current AIRBNB business gets internet reservations, as repeat/return clients from great overall internet reviews for well managed and clean property. Owner will leaseback 1,000sf retail space at a minimum of $5,000 per month. Owner currently lives in main home in 3bed 2bath at 1,100sf (owner will move or leaseback unit) Situated on .31 acres, these four buildings have well maintained stucco exteriors, roofs, exterior/interior paint, plenty of parking spaces in rear, and a garden area in the back along with two large storage sheds. All interiors have been maintained and renovated over the course of ownership. Main 1,100sf home is updated with stainless steel appliances, granite throughout, hardwood floors, walk-in shower, and jacuzzi spa bathtub upstairs. Options for a live/work arrangement, or an owner operator, could also just simply make this a 6th rental seeking $1,600 plus per month. Additionally a 7th apartment can be converted above this home for a total of 8-units as it already has the necessary mechanicals and separate entrance in place. All information provided is deemed reliable, but is not guaranteed and should be independently verified by buyer.

Facts & Features
MLS® # 4432210
Price $1,900,000
Bathrooms 0.00
Acres 0.31
Year Built 1942
Type Commercial
Sub-Type Retail
Style Low Rise
Status Active
Features Corner Lot, Near Public Transit
Community Information
Address 3640 W Colorado Avenue
City Colorado Springs
County El Paso
State CO
Zip Code 80904
Amenities
Utilities Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Connected, Sewer Connected
Parking Spaces 15
Parking Concrete
# of Garages 15
Is Waterfront No
Has Pool No
Interior
Fireplace No
# of Stories 2
Exterior
Lot Description CornerLot,NearPublicTransit
Roof Composition
Construction Block, Frame, Concrete, Stucco
Additional Information
Date Listed August 5th, 2020
Days on Market 113
Zoning C5 HS
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Denver Realty Group
Photo of Steven Bohn

Steven Bohn

Office: 7205988600
Cell: 3036683366

Metrolist Services Inc (Colorado) Logo Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than IHOMES COLORADO are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Copyright 2020 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on November 27th, 2020 at 7:45am MST.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Metrolist Services Inc (Colorado) Logo Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than IHOMES COLORADO are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Copyright 2019 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA