Josh

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 just blocks from Colorado College and downtown, this property benefits from steady year-round rental demand and strong tenant retention. With gross annual rents of $56,880, separately metered utilities, and low property taxes (~$1,900/year), this turnkey asset is ideal for long-term hold, 1031 exchange, or live-in investment. Zoned R-2 in a historic district (no HOA), this is a rare chance to own a flexible, high-performing asset in one of Colorado Springs' most desirable neighborhoods.

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.

1216 N Wahsatch Ave, Colorado Springs, CO 80903

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