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313 N 7th St, Colorado Springs
$314,500
4 Beds ⋅ 2 Baths ⋅ 1,877 SqFt. ⋅ CLOSED Status
Beautifully landscaped property close to downtown and OCC! There is a lot of flexibility and potential in this home with the basement being finished with a fully permitted ADU with it's own separate entrance. Live upstairs and rent the basement to contribute to the mortgage, live in the basement and rent upstairs and potentially cover the entire mortgage, or use the whole thing as a 4 bed, 2 bath home. There are also 2 detached garages that could be used for additional income or as a workshop and garage. Don't miss this rare opportunity to own a great and lovingly cared for home in a great neighborhood!

313 N 7th St, Colorado Springs

Courtesy of William Mills. Selling Office: William Mills.

313 N 7th St, Colorado Springs
$310,000
4 Beds ⋅ 2 Baths ⋅ 1,971 SqFt. ⋅ CLOSED Status
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

313 N 7th St, Colorado Springs

Courtesy of The Platinum Group. 719-536-4444 Selling Office: William Mills.


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