506 W Cheyenne Road Colorado Springs, CO ^$ 1,200,000

506 W Cheyenne Road

^$ 1,200,000

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506 W Cheyenne Road

Colorado Springs, CO, 80906

^$ 1,200,000

Studio Baths0.0

Monthly Estimate*

^$ 7,976

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Studio

Multi-Family Home for sale in Colorado Springs, CO

for $1,200,000. This home was built in 1954 on a lot size of 0.4993.

Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.

Multi-Family Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,524

Style

Mix Use

Lot Size

0.4993

Year Built

1954

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

6889547

Features

General

Utilities Cable Available Electricity Connected Natural Gas Connected Telephone

Roof Other

Appliances Range Refrigerator

Water Municipal

School District Cheyenne Mtn-12

Property Type Income

Yearly Taxes 3524.13

Tax Year 2023

Status Active

Sub Type Mix Use

Exterior

Siding Masonite Type Stucco Wood

Fence See Prop Desc Remarks

Structure Frame

Lot Size 21748.0000

Foundation Full Basement

Interior

Laundry Facility None

Fireplace One Wood Burning

* Excluded Features

List By

The Rawhide Company

Broker

Rawhideno1@aol.com

Affordability Calculator

$8,269

Per Month

Monthly Principal & Interest: $7,976
Monthly Property Taxes: $294
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Colorado Springs, CO

Average List Price ^$696,412

Percent of Sale Price 42%

About Colorado Springs, CO

461,521 Population

27% Since 2002

^$57,575 Median Income

36.95 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3074837 Elementary School

3074842 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/5/2024	$1,200,000		Listed Price

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506 W Cheyenne Road, Colorado Springs, CO, 80906 is a Multi-Family Home for sale at $1,200,000 with a lot size of 0.4993. 506 W Cheyenne Road is a studio with 0.0 baths and was built in 1954. The property's zip code is 80906 which is in Colorado Springs, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Pikes Peak REALTOR(R) Services Corp.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of The Pikes Peak REALTOR(R) Services Corp. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

The real estate listing information and related content displayed on this site 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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Data is updated as of 6/3/2024.

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506 W Cheyenne Road

Multi-Family Home for sale in Colorado Springs, CO

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