View Property: (Grand View) 1012 Iowa Avenue, Colorado Springs, CO, 80909 (MLS # 4513277)

1012 Iowa Avenue, Colorado Springs


5 Beds
3 Baths
2,438 Sqft
.28 Acres
1 Garages

This is an income producing 2 unit property. One unit faces Iowa ave and the other faces Yampa st. Located on a corner lot.

5 bed 3 bath - main house - vacant, was most recently receiving $2,900/month. Has been offered $3,000/month. To be safe, cap rate has been calculated using $2,500/month

1 bed 1 bath - carriage house - occupied, $990/month

GOI - $42,880

NOI - $39,900

cap rate - 7.9%

Close to Colorado College and the Olympic Training Center.

Main house could receive $600/room if rented out to college students or olympic athletes.

Assuming $600/room

GOI - $47,880

NOI - $44,900

Cap - 8.9%

Status: Active

Metrolist Services Inc (Colorado) Logo Engel & Volkers Denver.

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Essential Information
MLS® #4513277
Full Baths3
Total Square Footage2,438
Year Built1941
Sub-TypeSingle Family Residence
FeaturesCorner Lot
Age RestrictionNo
Community Information
Address1012 Iowa Avenue
SubdivisionGrand View
CityColorado Springs
CountyEl Paso
Zip Code80909
FeaturesCorner Lot
ParkingDriveway, Gravel
# of Garages1

Electricity Available, Electricity Connected, Phone Available

InteriorCarpet, Laminate, Tile
HeatingForced Air
CoolingCentral Air
# of Fireplaces2
FireplacesBasement, Living Room

Cooktop, Dryer, Dishwasher, Oven, Refrigerator, Washer

Exterior FeaturesPrivate Yard
FoundationConcrete Perimeter
School Information
DistrictColorado Springs 11
ElementaryQueen Palmer
Additional Information
Date ListedJanuary 27th, 2020
Days on Market23
Days on Website22
Listing Details
Metrolist Services Inc (Colorado) LogoEngel & Volkers Denver

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Listing information last updated on February 19th, 2020 at 8:46am MST.

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Listing information last updated on February 19th, 2020 at 9:04am MST.

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