Hang on a second...
USDAProperties.com is running a little warm 🔥...

 

 

 

$1,200,000   Price Analysis
Agent Details  share icon   ♡  map icon  QR
506 W Cheyenne Rd
Colorado Springs, CO 80906
8 bed 6 bath unknown SqFt ($0/SqFt)
0.5 acre lot. Built 1954
Listed 2024-05-05, Taxes $3,205		Ⓧ USDA Ineligible
due to price & location
near Kelker

Thank you for your interest in this unique property in a desirable part of Colorado Springs.

It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a home with a 4-plex an d a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced yard.

In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage. Live in the frnt house and let the 4-plex rental units and detached garage fund your lifestyle or rent out all five units, plus the detached garage to maximize cash flow.


Presented by Douglas H. Barber at
The Rawhide Company, REALTORS.
Listing Agent Photo

Property MLS #6889547 from PikesPeakMLS

Bedrooms: 8

Total Bathrooms: 6
Full Bathrooms: 6

Fireplace Features: One, Wood Burning
Heating Features: Forced Air, Natural Gas

Lot Size Acres: 0.4993
Lot Size Square Feet: 21750

Number of Units: 5

School District: Cheyenne Mtn-12

Cheyenne Mountain Junior High School is a public middle school located approximately 0.8 miles away.
directions icon Map directions

Broadmoor Elementary School is a public elementary school located approximately 1 miles away.
directions icon Map directions

Cheyenne Mountain High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Born To The Golden Mountain Montessori is a private elementary school located approximately 0.6 miles away.
directions icon Map directions

Annual Tax Amount: 3524.13
Source Listing Status: Active
County: El Paso
Tax Year: 2023
Source Property Type: Income
Source Neighborhood: Fenmoor
Postal Code Plus 4: 2448
Subdivision: Fenmoor
Property Subtype: Mix Use
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2020$39,770 + $4,900
$44,670		$3,205
2019$39,770 + $4,900
$44,670		$3,169
2018$32,310 + $4,700
$37,010		$2,675
2017$32,310 + $4,700
$37,010		$2,664
2016$29,090 + $4,760
$33,850		$2,372
2015$29,090 + $4,760
$33,850		$2,367
2014$27,660 + $3,640
$31,300		$2,191
2013$27,660 + $3,640
$31,300		$2,094
2011$27,960 + $3,640
$31,600		$2,104
2010$27,960 + $3,640
$31,600		$2,027
2009$30,010 + $3,640
$33,650		$2,018
2008$28,310 + $3,640
$31,950		$1,974
2007$28,310 + $3,640
$31,950		$1,962

Listed 2024-05-05
$1,200,000
PikesPeakMLS
Listing removed 2024-05-04
$0
REALTOR Services Corp
Listed for rent 2024-04-24
$900
REALTOR Services Corp
Listing removed 2024-04-24
$0
REALTOR Services Corp
Listed for rent 2024-04-11
$900
REALTOR Services Corp
Listing removed 2024-04-01
$0
REALTOR Services Corp
Listed for rent 2024-03-28
$900
REALTOR Services Corp
Listing removed 2023-12-22
$0
AppfolioUnits
Price Changed for rent 2023-12-06
$1,850
AppfolioUnits
Price Changed for rent 2023-10-26
$2,000
AppfolioUnits
Listed for rent 2023-09-29
$2,200
AppfolioUnits
Listing removed 2022-03-25
$0
RentalBeast
Listed for rent 2022-03-24
$1,895
RentalBeast
Listing removed 2021-07-16
$0
AppfolioUnits
Listing removed 2021-07-16
$0
ShowMojo
Listing removed 2021-07-07
$1,895
PikesPeakMLS
Listed for rent 2021-06-24
$1,895
AppfolioUnits
Listed for rent 2021-06-23
$1,895
ShowMojo
Listed for rent 2021-06-22
$1,895
PikesPeakMLS
Listing removed 2021-03-22
$0
ShowMojo
Listed for rent 2021-03-20
$295
ShowMojo
Listing removed 2021-03-17
$0
AppfolioUnits
Listing removed 2021-03-16
$0
ShowMojo
Listed for rent 2021-02-14
$295
AppfolioUnits
Listed for rent 2021-02-09
$295
ShowMojo
Listing removed 2019-04-24
$1,600
ShowMojo
Listing removed 2019-04-23
$0
ShowMojo
Listing removed 2019-04-23
$1,600
AppfolioUnits
Price Changed for rent 2019-04-11
$1,600
ShowMojo
Price Changed for rent 2019-04-10
$1,600
AppfolioUnits
Listed for rent 2019-04-06
$1,425
ShowMojo
Listed for rent 2019-04-06
$1,425
AppfolioUnits
Listing removed 2015-06-17
$1,295
PikesPeakMLS
Listed for rent 2015-05-29
$1,295
PikesPeakMLS
Listing removed 2014-04-18
$1,195
PikesPeakMLS
Listed for rent 2014-03-27
$1,195
PikesPeakMLS
Listing removed 2013-01-05
$995
PikesPeakMLS
Price Changed for rent 2012-12-10
$995
PikesPeakMLS
Listed for rent 2012-12-06
$985
PikesPeakMLS
Listing removed 2012-12-05
$985
PikesPeakMLS
Listed for rent 2012-11-20
$985
PikesPeakMLS
Listing removed 2011-11-09
$985
PikesPeakMLS
Listed for rent 2011-10-05
$985
PikesPeakMLS
Sold 1982-03-01
$150,000
Public Record

Year Built: 1954
Building Exterior Type: Masonite Type, Stucco, Wood
Foundation Details: Full Basement
Property Age: 70
Structure Type: Frame
Year Built Details: Existing

Cable Available
Electricity Connected
Natural Gas Connected
Telephone
Click Thumbnail Images To View Full Size
house_viewhouse_viewunknownunknownunknown
kitchenkitchenunknownunknownunknown
unknownunknownunknownbathroomhouse_view
house_viewyardhouse_viewgarageyard
house_viewhouse_viewhouse_viewkitchenunknown
unknownunknownbathroombathroom

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.