735 E Vermijo Avenue, Colorado Springs, CO 80903

$435,000
  • 735 E Vermijo Avenue, Colorado Springs, CO 80903 Main Photo

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New to the Market Active
BEDS0 BATHS0.0 MLS#5614138
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONWerner

Property Description

Turnkey duplex in a prime downtown Colorado Springs location with strong rental history. This fully occupied, income-producing property offers an excellent opportunity for both investors and owner-occupants. Each unit features 3 bedrooms and 2 bathrooms with functional layouts and comfortable living spaces. Well-maintained throughout, each unit includes a gas fireplace, vinyl windows, and durable, low-maintenance finishes that appeal to long-term tenants. Mechanical updates include a furnace and water heater installed in 2020, and the exterior and decks were painted in 2024. The property offers a spacious front yard, alley access with off-street parking, and a rear yard storage shed for additional utility. Its central location provides convenient access to downtown Colorado Springs, Prospect Lake, I-25, shopping, dining, and entertainment. Both tenants are currently on month-to-month leases, offering flexibility for an owner-occupant or an investor looking to adjust rents and maximize future income potential. A well-positioned asset with consistent rental demand and long-term upside in a growing market.

735 E Vermijo Avenue | MLS# 5614138

This multi-family property located at 735 E Vermijo Avenue, Colorado Springs, CO 80903 is currently listed for sale with an asking price of $435,000. Search Colorado Springs real estate on www.soldwithchantel.com today.

Property Features

Property Type: Multi Unit - Multiple
Fireplaces: Gas, Two, See Remarks
Home Style: Duplex
Lot Size: 0.22 Acres
Roof Type: Composite Shingle
Taxes: $1,566
Year Built: 1998

Feature Descriptions

Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
Basement/Foundation: Crawl Space
Days on Site: 2
Existing Utilities: Cable Available, Electricity Connected, Natural Gas Connected
Exterior: Masonite Type, See Prop Desc Remarks
Handicap Access: See Prop Desc Remarks
Laundry Facilities: Electric Hook-up
Parking Spaces: 6
Units: 2
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: Progressive Property Group LLC
Agency Phone: (719) 439-7647

Shown By

Agent Name: Chantel Parker
Agent Phone: (719) 287-3476
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 2,399.99 per month $2,142.70 Principal & Interest $130.42 Property Tax $126.88 Homeowner's Insurance

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Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

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