102 & 104 Palmer Avenue, Poncha Springs, CO 81242
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
102 & 104 Palmer Avenue,Poncha Springs, CO 81242
$625,000
- 4 Beds
- 2 Baths
- 1,620 sq. ft.
- Multi-family
- Active
Listed by: jeff post
Office: century 21 community first
MLS#:6576983
Source:ML
Price summary
- Price:$625,000
- Price per sq. ft.:$385.8
About this home
Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential.
Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities.
The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners.
With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring....
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Home facts
- Year built:1996
- Listing ID #:6576983
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Flooring:Carpet, Laminate
- Kitchen Description:Dishwasher, Eat-in Kitchen, Range, Refrigerator
- Living area:1,620 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1996
- Building area:1,620 sq. ft.
- Lot area:0.29 Acres
- Lot Features:Level, Near Ski Area
- Architectural Style:Mountain Contemporary
- Construction Materials:Frame, Wood Siding
- Exterior Features:Patio, Private Yard
- Levels:1 Story
Schools
- High school:Salida
- Middle school:Salida
- Elementary school:Longfellow
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$625,000
- Price per sq. ft.:$385.8
- Tax amount:$1,718 (2025)
Features and amenities
- Laundry features:Laundry Closet
Parking
- Total parking spaces:4
- Parking description:Gravel
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