313 N 7th St, Colorado Springs, CO 80905

Property Description

INVESTORS! Historic Gem with ADU & Unmatched Potential – Property has known and documented structural condition. Nestled on a secluded end lot, this 2,008 sq. ft. home just moments from the vibrant energy of Downtown Colorado Springs and the historic charm of Old Colorado City. For the savvy buyer or investor this is a prime opportunity to build substantial sweat equity. The lower level presents a fantastic investment opportunity with a fully integrated Accessory Dwelling Unit (ADU), complete with a full kitchen and a private, separate entrance. This is a perfect setup for generating significant rental income, "house-hacking" by living in one unit and renting the other, or creating a private in-law suite. For the visionary investor dreaming of even greater potential, a rare opportunity awaits. This property is a find for those with the vision to polish a historic diamond. STRUCTURAL DISCLOSURE & REPAIR STATUS: The property has been priced to reflect required structural stabilization. Engineering reports/observations indicate foundation settling typical of historic inventory in this area. Scope of Work: Structural reinforcement/stabilization needed are in the additional doc section. Sold AS IS