735 East Vermijo Avenue
$475,000
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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!
- Listed by Jeff Gaddis • Progressive Property Group LLC
Property Details for 735 East Vermijo Avenue
Roof
Composite Shingle
Parking Spaces Number Of6
StructureHUD Standard Manu, UBC/IBC/IRC Standard Modular, See Prop Desc Remarks
Foundation DetailsCrawl Space
LISTING UPDATED: 12/13/2024 07:30 PM
Property Details for 735 East Vermijo Avenue
Status | Active |
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MLS # | 8763791 |
Days on Compass | 80 |
Taxes | $1,418 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1998 |
Lot Size | 0.22 AC / 9,511 SF |
County | El 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
Property History for 735 East Vermijo Avenue
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 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.
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