Located on a corner lot in downtown Colorado Springs' pretty Hillside community

Th is shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with excellent mountain views and immediate prximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid.

As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash and electric vehicle charging stations. As of May 2023, the finished apartments have a projected value of over $4 million, with a 4.85% Cap Rate and a yearly NOI after expenses of $197, 000. Investment opportunities like this rarely make it to the open market. Make this one yours today!

Request Information
on 703 E Costilla St
in Colorado Springs, CO
Presented by Dan Jones at
eXp Realty, LLC.


Property MLS #2122673 from REcolorado

+ Reveal additional info including schools and tax history

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+ Land Info

Lot Size Acres: 0.22
Lot Size Square Feet: 9583

+ School Information

Elementary School District: Colorado Springs 11
High School District: Colorado Springs 11
Middle or Junior School District: Colorado Springs 11
+ Display Complete School Details

Palmer High School is a public high school located approximately 0.9 miles away.
Map directions

Hunt Elementary School is a public elementary school located approximately 1.4 miles away.
Map directions

North Middle School is a public middle school located approximately 1.4 miles away.
Map directions

Pikes Peak Academy is a private high school located approximately 0.5 miles away.
Map directions

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 1542.00
Source Listing Status: Active
County: El Paso
Directions: From downtown travel east on Costilla to the corner of East Costilla Street and South El Paso Street.
Tax Year: 2022
Source Property Type: Land
Parcel Number: 64173-12-013
Zoning: C6
Property Subtype: Improved Land
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$unknown + $27,550 $27,550	$1,625
2020	$unknown + $18,850 $18,850	$1,279
2019	$unknown + $18,850 $18,850	$1,272
2018	$unknown + $15,280 $15,280	$1,121
2017	$unknown + $15,280 $15,280	$1,061
2016	$unknown + $6,530 $6,530	$378
2015	$unknown + $6,530 $6,530	$377
2014	$unknown + $6,090 $6,090	$366
2013	$unknown + $6,090 $6,090	$372
2011	$unknown + $6,090 $6,090	$370
2010	$unknown + $6,090 $6,090	$374
2009	$unknown + $6,340 $6,340	$370
2008	$unknown + $5,840 $5,840	$346
2007	$unknown + $5,840 $5,840	$354

+ Reveal Property Sale History

Price Changed 2024-04-17
$750,000
PikesPeakMLS

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Relisted 2024-03-02
$775,000
REcolorado

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Listed 2024-03-01
$775,000
PikesPeakMLS

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Listing removed 2024-01-16
$0
REcolorado

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Listed 2023-06-09
$775,000
REcolorado

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Sold 2021-06-08
$210,000
Public Record

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Sold 2019-07-17
$105,000
PikesPeakMLS

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Listing removed 2019-01-03
$0
REcolorado

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Sold 2018-12-20
$90,000
PikesPeakMLS

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Listed 2018-08-18
$104,900
PikesPeakMLS

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Listed 2018-08-18
$104,900
REcolorado

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Listing removed 2014-09-18
$64,000
PikesPeakMLS

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Sold 2014-09-17
$57,000
Public Record

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Listed 2014-02-25
$64,000
PikesPeakMLS

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Listing removed 2013-11-16
$79,500
PikesPeakMLS

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Listed 2012-11-19
$79,500
PikesPeakMLS

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Listing removed 2011-01-16
$94,900
PikesPeakMLS

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Price Changed 2011-01-11
$94,900
PikesPeakMLS

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Listed 2010-01-28
$119,500
PikesPeakMLS

+ Utilities

Sewer: Public Sewer
Electricity Available
Natural Gas Available