Property
Off Market

1216 N Wahsatch Ave

Colorado Springs, CO 80903

Turnkey House & Cottage in Old North End: $3K/mo lease thru 2027 + $1,740 cottage (lease ends Sept '25) = live-in or rent. 3-car garage, sep. meters, low taxes, prime location.

$749,000
4 Bed
3 Bath
2,798 sqft
$749,000
4 Bed
3 Bath
2,798 sqft
Off Market

1216 N Wahsatch Ave

Colorado Springs, CO 80903

Turnkey House & Cottage in Old North End: $3K/mo lease thru 2027 + $1,740 cottage (lease ends Sept '25) = live-in or rent. 3-car garage, sep. meters, low taxes, prime location.

Home Details

House iconSingle Family Residence
Bed icon4 Bedrooms
Bath icon3 Bathrooms
SqFt icon2,798 sqft
LotSize icon9,500 sqft lot
Hammer iconBuilt 1910

Description

Incredible investor or owner-occupant opportunity in the heart of Colorado Springs' Old North End! This legally zoned R-2 duplex features a fully rented main house (2,094 sq ft) leased at $3,000/month through June 2027, and a detached cottage (750 sq ft) currently rented at $1,740/month through September 2025. When the cottage lease ends, the new owner can either continue renting to college students at premium rates—or live in the cottage and let the front unit's $3,000/month rent cover a significant portion of the mortgage. With separate gas, electric, and water meters for each unit, plus tenant-paid utilities and a landlord-billed trash arrangement, this property offers efficient, predictable cash flow. Recent upgrades include new appliances and forced air heating + central A/C in the main house. A detached three-car garage provides alley access and offers future income potential as premium parking or storage rentals. Both units share access to basement laundry and storage. Located...

Location

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Schools

Steele Elementary School
0.5 mile away
North Middle School
0.3 mile away
Palmer High School
0.9 mile away

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