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    1012 Iowa Avenue

    Colorado Springs, CO 80909
    • $499,000
    • STATUS: Pending
    • ON SITE: 306 days
    • ID#: 4513277
    Under Contract
    UPDATED: 50 min ago
    $499,000
    • 6
      BEDS
    • 0.28
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,438
      SQFT
    • $205
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1941
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Engel & Volkers Denver.

    Description

    NOTE: This offering is for 2 properties. 1012 Iowa ave (5bd,3ba) & 2014 E Yampa st. (1bd,1ba) Almost everything in these two homes are either brand new or newly replaced within the past 2 years. REMODELED 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 - OCCUPIED, @2,300/month 1 bed 1 bath - cottage home - OCCUPIED, $1,100/month GOI - $40,800 NOI - $38,000 cap rate - 7.6% 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 - $49,200 NOI - $46,400 Cap - 9.2%

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    Licensed in the State of Colorado, USA

    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 Keller Williams Advantage Realty LLC 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.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

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

    www.myhometeamcolorado.com/homes/102630094
    Print Image

    1012 Iowa Avenue Colorado Springs, CO 80909

    • Price: $499,000
    • Status: Pending
    • Updated: 50 min ago
    • ID#: 4513277
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.28
    Acres
    2,438
    SQFT
    $205
    $/SQFT
    1941
    Built
    Neighborhood:
    Grand View
    County:
    El Paso
    Area:
    Colorado Springs
    Elementary School:
    QUEEN PALMER
    Middle School:
    GALILEO
    High School:
    PALMER
    School District:
    Colorado Springs 11
    Property Description
    NOTE: This offering is for 2 properties. 1012 Iowa ave (5bd,3ba) & 2014 E Yampa st. (1bd,1ba) Almost everything in these two homes are either brand new or newly replaced within the past 2 years. REMODELED 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 - OCCUPIED, @2,300/month 1 bed 1 bath - cottage home - OCCUPIED, $1,100/month GOI - $40,800 NOI - $38,000 cap rate - 7.6% 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 - $49,200 NOI - $46,400 Cap - 9.2%
    Exterior Features

    Architectural Style Traditional Attached Garage YN Yes Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Private Yard Fencing Partial Garage YN Yes Horse YN No Lot Features Corner Lot Lot Size Square Feet 12250 Parking Features DrivewayGravel Parking Total 1 Patio And Porch Features CoveredFront Porch Road Frontage Type Public Road Road Surface Type Paved Roof Other Structure Type House Vegetation GrassedMixed

    Interior Features

    Appliances CooktopDryerDishwasherOvenRefrigeratorWasher Basement Finished Basement YN Yes Bathrooms Full 4 Bathrooms Half 0 Bathrooms One Quarter 0 Below Grade Finished Area 754 Cooling Central Air Fireplace Features BasementLiving Room Fireplace YN Yes Fireplaces Total 2 Flooring CarpetLaminateTile Foundation Details Concrete Perimeter Heating Forced Air Heating YN Yes Interior Features In-Law Floorplan Laundry Features In Unit Levels One Living Area Sq Ft 2438 Rooms Full Bath (Main Level) Bedroom (Main Level) Three Quarter Baths 0

    Property Features

    Above Grade Finished Area 1684 Association YN No Building Area Source Public Records Construction Materials Frame Contingency None Known Exclusions Sellers Personal Property Listing Terms 1031 Exchange Ownership Agent Owner Possession Closing Property Condition Updated/Remodeled Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 1017 Tax Year 2018 Utilities Electricity AvailableElectricity ConnectedPhone Available Water Source Public Zoning R1-6

    Listing courtesy of Engel & Volkers Denver: MLS #4513277


    Licensed in the State of Colorado, USA

    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 Keller Williams Advantage Realty LLC 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.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

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

     
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    Keller Williams Advantage Realty LLC
    350 Indiana St. #300
    Golden CO, 80401
    Offered by Engel & Volkers Denver.