506 West Cheyenne Road
$950,000
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Description
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 and 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...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 and 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 front 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.
- Listed by Douglas Barber • The Rawhide Company
Property Details for 506 West Cheyenne Road
Roof
Other
StructureFrame
Foundation DetailsFull Basement
LISTING UPDATED: 08/31/2024 07:57 AM
Property Details for 506 West Cheyenne Road
Status | Active |
---|---|
MLS # | 6889547 |
Days on Compass | 180 |
Taxes | $3,524 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Mix Use |
Year Built | 1954 |
Lot Size | 0.50 AC / 21,748 SF |
County | El Paso County |
Building Information for 506 West Cheyenne Road
Stories-Residences-Year Built1954Building Size-Lot Size0.50 AC / 21,748 SF
Property Information for 506 West Cheyenne Road
Public Records for 506 West Cheyenne Road
Taxable ValueLand$9,030Additions$47,120Total$56,150
Tax Record2023$3,524 ($294 / month)
Home Facts
Beds4Total Finished SqFt2,379 SqFtAbove Grade Finished SqFt1,391 SqFtFinished Basement SqFt988 SqFtStories1Lot Size21,748 SqFtStyleSingle Family ResidenceYear Built1954ZoningR1-6 R2CountyEL PASOAPN7425117029Fireplace TypeHas Fireplace
Schools near 506 West Cheyenne Road
This home is within Cheyenne Mountain 12 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 7 to 8 |
Rating | School | Distance |
---|---|---|
Broadmoor Elementary School PublicK to 6 | ||
Cheyenne Mountain Junior High School Public7 to 8 | ||
Cheyenne Mountain High School Public9 to 12 | ||
The Vanguard School (Middle) Charter7 to 8 |
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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