735 East Vermijo Avenue

Colorado Springs, CO 80903

$475,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor’s Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows,...Investor’s Dream: Turnkey Duplex in Prime Downtown Location with Strong Rental History. Commitments Extend for over a Year WITH INCREASES! This fully-occupied, income-generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area near Downtown, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
  1. Listed by Jeff Gaddis • Progressive Property Group LLC

Property Details for 735 East Vermijo Avenue

Roof
Composite Shingle
Parking Spaces Number Of
6
Structure
HUD Standard Manu, UBC/IBC/IRC Standard Modular, See Prop Desc Remarks
Foundation Details
Crawl Space
LISTING UPDATED: 12/13/2024 07:30 PM

Property Details for 735 East Vermijo Avenue

StatusActive
MLS #8763791
Days on Compass80
Taxes$1,418 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1998
Lot Size0.22 AC / 9,511 SF
CountyEl Paso County

Building Information for 735 East Vermijo Avenue

Stories-Residences-Year Built1998Building Size-Lot Size0.22 AC / 9,511 SF

Property Information for 735 East Vermijo Avenue

Summary
Location and General Information
  • Handicap: See Prop Desc Remarks
  • School District: Colorado Springs 11
Taxes and HOA Information
  • Tax Year: 2023
Virtual Tour
Property
Property and Assessments
  • Construction Status: Existing
Utilities
  • Heating: Forced Air, See Prop Desc Remarks
  • Cooling: None, See Prop Desc Remarks
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, See Prop Desc Remarks
  • Water: Municipal
Interior and Exterior Features
Exterior Features
  • Alley: Gravel
  • Fence: See Prop Desc Remarks
  • Siding: Masonite Type
Interior Features
  • Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
  • Fire Place Desc: Gas, Two, See Remarks
  • Laundry Facilites: Electric Hook-up
Multi Family
Unit 1
  • Baths: 2
  • Beds: 3
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $1,650.00
  • Sq Ft: 1044.0
Unit 2
  • Baths: 2
  • Beds: 3
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $1,490.00
  • Sq Ft: 1044.0

Property History for 735 East Vermijo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 735 East Vermijo Avenue

Taxable ValueLand$3,510Additions$28,490Total$32,000
Home Facts
Total Finished SqFt2,088 SqFtAbove Grade Finished SqFt2,088 SqFtStories1Lot Size9,511 SqFtStyleDuplexYear Built1998ZoningR2CountyEL PASOAPN6417311047Fireplace TypeHas Fireplace

Schools near 735 East Vermijo Avenue

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 - 9 to 12
Rating
School
Distance
Hunt Elementary School
PublicPK to 5

North Middle School
Public6 to 8

Palmer High School
Public9 to 12

CIVA Charter High School
Charter9 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.

Similar Homes

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735 East Vermijo Avenue is a multi-family home for sale in Colorado Springs, CO 80903. This property was listed for sale on October 7, 2024 by Progressive Property Group LLC, it's currently listed at $475,000. It has been on the market for a total of 80 days and was last sold on December 29, 2016. This listing's school district is Colorado Springs 11 School District. Nearby schools include Hunt Elementary School, North Middle School and Palmer High School. 735 East Vermijo Avenue is a 0-bed, 0-bath, multi-family home built in 1998.

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 Progressive Property Group LLC, Jeff Gaddis

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.