2925 North Tejon Street
$599,000
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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!
- Listed by Kayla Hepner • Twin Peaks Realty
Property Details for 2925 North Tejon Street
Roof
Composite Shingle
Parking Spaces Number Of14
StructureFramed on Lot
Foundation DetailsPartial Basement
LISTING UPDATED: 12/02/2024 05:49 AM
Property Details for 2925 North Tejon Street
Status | Active |
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MLS # | 9087464 |
Days on Compass | 141 |
Taxes | $1,271 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Mix Use |
Year Built | 1914 |
Lot Size | 0.22 AC / 9,500 SF |
County | El 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
Property History for 2925 North Tejon Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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Jackson Elementary School PublicPK to 5 | ||
North Middle School Public6 to 8 | ||
Palmer High School Public9 to 12 | ||
Academy for Advanced and Creative Learning CharterK to 8 |
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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