2925 North Tejon Street

Colorado Springs, CO 80907

$599,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property offers both an investment opportunity and the potential for personal living! Prepare to be impressed by the incredible income this property generates. Situated in a prime and up-and-coming location in COS, with the Nevada overlay with the city, this property holds significant value. Built in 1916 and restored, this gem is an original home in Colorado Springs. The front of the property features a charming residential home with 2 bedrooms, an office space, and a fully updated bathroom....This property offers both an investment opportunity and the potential for personal living! Prepare to be impressed by the incredible income this property generates. Situated in a prime and up-and-coming location in COS, with the Nevada overlay with the city, this property holds significant value. Built in 1916 and restored, this gem is an original home in Colorado Springs. The front of the property features a charming residential home with 2 bedrooms, an office space, and a fully updated bathroom. Unfinished basement area. This overlay allows for multiple types of builds and expansions. Furnished as a mid-term rental, the furniture and decor can be negotiated if you wish to continue renting it furnished for mid-term stays. Fencing offers privacy and security. The house features a spacious driveway and a garage, which, with some work, can potentially be converted into an accessory dwelling unit (ADU). This presents an exciting opportunity for additional living space. Furthermore, with the Nevada overlay, the garage could be torn down to make way for a two-story unit, providing even more possibilities for development. The hidden treasure lies in the nearly 2000 sq ft shop located at the back of the lot, accessible through the alley. Currently rented, the shop presents an immediate income opportunity. It has been updated, with repairs made to the roof and new siding. The shop features heating, and a finished bathroom with a water heater, ensuring comfort and convenience. The additional parking space adds to the property's practicality. This property presents an opportunity for investors and those seeking a unique place to call home. With its prime location, restoration, potential for additional units, and income-generating capabilities, it is an opportunity not to be missed. Seize the moment and explore the possibilities this property has to offer!
  1. Listed by Kayla Hepner • Twin Peaks Realty

Property Details for 2925 North Tejon Street

Roof
Composite Shingle
Parking Spaces Number Of
14
Structure
Framed on Lot
Foundation Details
Partial Basement
LISTING UPDATED: 12/02/2024 05:49 AM

Property Details for 2925 North Tejon Street

StatusActive
MLS #9087464
Days on Compass141
Taxes$1,271 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Mix Use
Year Built1914
Lot Size0.22 AC / 9,500 SF
CountyEl Paso County

Building Information for 2925 North Tejon Street

Stories-Residences-Year Built1914Building Size-Lot Size0.22 AC / 9,500 SF

Property Information for 2925 North Tejon Street

Summary
Location and General Information
  • School District: Colorado Springs 11
Taxes and HOA Information
  • Tax Year: 2022
Property
Property and Assessments
  • Construction Status: Existing
Utilities
  • Heating: Forced Air
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Cable Available, Electricity Connected
  • Water: Municipal
Interior and Exterior Features
Interior Features
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Fire Place Desc: None
  • Laundry Facilites: Electric Hook-up
Multi Family
Unit 1
  • Baths: 1
  • Beds: 2
  • Furnished: Yes
  • Num Garage: 1
  • Occupied: No
  • Rent: $2,000.00
Unit 2
  • Baths: 1
  • Furnished: No
  • Occupied: Yes
  • Rent: $3,250.00

Property History for 2925 North Tejon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2925 North Tejon Street

Taxable ValueLand$4,860Additions$27,240Total$32,100
Tax Record2023$1,423 ($119 / month)
Home Facts
Beds2Total Finished SqFt1,081 SqFtAbove Grade Finished SqFt1,081 SqFtStories1Lot Size9,500 SqFtStyleSingle Family ResidenceYear Built1914ZoningC5 NNACountyEL PASOAPN6331407003Fireplace TypeHas Fireplace

Schools near 2925 North Tejon Street

This home is within Colorado Springs 11 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Jackson Elementary School
PublicPK to 5

North Middle School
Public6 to 8

Palmer High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2925 North Tejon Street is a multi-family home for sale in Colorado Springs, CO 80907. This property was listed for sale on July 29, 2024 by Twin Peaks Realty, it's currently listed at $599,000. It has been on the market for a total of 141 days and was last sold on February 19, 2021. This listing's school district is Colorado Springs 11 School District. Nearby schools include Jackson Elementary School, North Middle School and Palmer High School. 2925 North Tejon Street is a 0-bed, 0-bath, multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Twin Peaks Realty, Kayla Hepner

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.