Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
Listing photo for 1012 Iowa Avenue, Colorado Springs, CO
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1012 Iowa Avenue,

Colorado Springs, CO $499,000

$499,000

5 Beds
3 Baths
2,438 Sqft
0.28 Acres
1 Garages

This is an income producing 2 unit property. One unit faces Iowa ave and the other faces Yampa st. Located on a corner lot. 5 bed 3 bath - main house - vacant, was most recently receiving $2,900/month. Has been offered $3,000/month. To be safe, cap rate has been calculated using $2,500/month 1 bed 1 bath - cottage home - occupied, $990/month GOI - $42,880 NOI - $39,900 cap rate - 7.9% Close to Colorado College and the Olympic Training Center. Main house could receive $600/room if rented out to college students or olympic athletes. Assuming $600/room GOI - $47,880 NOI - $44,900 Cap - 8.9%

Facts & Features
MLS® # 4513277
Price $499,000
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Square Footage 2,438
Acres 0.28
Year Built 1941
Type Residential
Sub-Type Single Family Residence
Style Traditional
Status Active
Features Corner Lot
Community Information
Address 1012 Iowa Avenue
Subdivision Grand View
City Colorado Springs
County El Paso
State CO
Zip Code 80909
Amenities
Utilities Electricity Available, Electricity Connected, Phone Available
Parking Spaces 1
Parking Driveway, Gravel
# of Garages 1
Is Waterfront No
Has Pool No
Interior
Interior Carpet, Laminate, Tile
Appliances Cooktop, Dryer, Dishwasher, Oven, Refrigerator, Washer
Heating Forced Air
Cooling Central Air
Fireplace Yes
# of Fireplaces 2
Fireplaces Basement, Living Room
Stories One
Exterior
Exterior Features Private Yard
Roof Other
Construction Frame
Foundation Concrete Perimeter
School Information
District Colorado Springs 11
Elementary Queen Palmer
Middle Galileo
High Palmer
Additional Information
Date Listed January 27th, 2020
Days on Market 60
Zoning R1-6
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Engel & Volkers Denver
Photo of Daev Brown

Daev Brown

Office: 720-598-8600
Cell: 303-579-3546

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 March 28th, 2020 at 8:49am MDT.

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