735 E Vermijo Avenue, Colorado Springs, CO 80903
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
Listed by:jeff gaddis cne
Office:progressive property group llc.
MLS#:5125166
Source:CO_PPAR
Price summary
- Price:$460,000
About this home
Turnkey Duplex in Prime Downtown Location with Strong Rental History. This Fully Occupied, Income-Generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area just east of sprawling Downtown Colorado Springs, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, 1 minute to Downtown, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
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Home facts
- Year built:1998
- Listing Id #:5125166
- Added:311 day(s) ago
- Updated:August 15, 2025 at 02:10 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composite Shingle
- Year built:1998
- Lot area:0.22 Acres
Utilities
- Water:Municipal
Finances and disclosures
- Price:$460,000
- Tax amount:$1,417 (2023)
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