126 Deer Path Avenue, Manitou Springs, CO

$1,600,000

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0.79

Acres

About 126 Deer Path Avenue

Nestled in the foothills of downtown Manitou Springs, just blocks from parks, schools, galleries and more, lies a once-in-a-lifetime-opportunity to receive income from a fully leased turn-key triplex with excellent rental history, strong CAP rates, long term tenants, and no history of vacancies, all the while living on-site in a fully renovated 4-bedroom + bonus room with oversized heated 2-car garage ranch style home, but if that weren't enough, there is also a 5-bay shop/garage included with 4 bays using 12' doors and having 13' interior clearances, 1 of which bays include a concrete built-in oil changing pit! Use this shop/garage to store your toys or machinery on site with you, or rent it to the tenants for extra income! ~*~*~*~ Rents listed include *current* (not market) rate for the triplex. House & shop/garage are projected at $3000 and $820 respectively as they were previously owner occupied. This means there is room for financial growth into market rate rents!*$7,895+/mo gross income potential & opportunity to switch utility costs over to tenants increasing your monthly net.* Capital expenditure costs are not a worry with all the major components of the property already taken care of reflecting pride of ownership through the years.~*~*~*~ Main House: spacious, bright & open, new waterproof luxury vinyl planked flooring, a quaint orchard sitting above a generously sized landscape-ready, fully fenced yard, LED lighting, updated bathrooms, modernized kitchen, all new appliances, granite countertop, all new baseboards, & a fresh coat of paint both inside and out.~*~*~*~ The Enormous flat lot has plenty of room for maneuvering large vehicles & trailers all the while having ample off-street parking for your tenants & any guests. Don't miss the panoramic mountain views to include The Incline & Pikes Peak. We can't wait to show you what else this property has to offer!

Features of 126 Deer Path Avenue

MLS® # 3421218
Price $1,600,000
Acres 0.79
Year Built 1953
Type Income
Sub-Type Triplex
Status Active

Community Information

Address 126 Deer Path Avenue
Subdivision Manitou Springs
City Manitou Springs
County El Paso
State CO
Zip Code 80829

Amenities

Utilities Electricity, Natural Gas
Parking Spaces 7

Interior

Appliances Dishwasher, Refrigerator, Range Oven (Gas/Elec)
Heating Baseboard
Cooling None
Fireplace No
Fireplaces None
Has Basement No

Exterior

Exterior Stucco
Roof Composite Shingle
Foundation Slab

School Information

District 14-Manitou Springs

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEmbers Real Estate, LLC

Listing Map

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