506 West Cheyenne Road

506 West Cheyenne Road

Colorado Springs, CO 80905

$1,200,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a front view of a house with garden
a view of a house with a yard covered in snow
a view of a wooden door
a view of empty room with wooden floor
an empty room with wooden floor and windows
a large white kitchen with a stove a sink dishwasher and a refrigerator
a large kitchen with kitchen island a sink stainless steel appliances and cabinets
a view of an empty room with window
an empty room with a empty space and windows
a view of an empty room with wooden floor
a view of an empty room with a window
an empty room with a empty space and windows
a bathroom with a bathtub shower sink vanity and toilet
a view of a house with backyard and sitting area
a view of a backyard with table and chairs and potted plants
a view of backyard with wooden fence and large trees
a backyard of a house
a front view of a house with a yard
a wooden bench sitting in the middle of a yard
a car parked in front of a white house
a view of a small house
a view of a house with a yard
a view of a kitchen cabinets and a utility room
a view of an empty room
an empty room with windows
a view of a room with an empty space
a bathroom with a toilet sink and mirror
a bathroom with a shower and toilet

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.

Property Details for 506 West Cheyenne Road

Roof
Other
Structure
Frame
Foundation Details
Full Basement

Location

Listing Courtesy of The Rawhide Company, Douglas Barber
Add your commute
LISTING UPDATED: 05/06/2024 11:08 PM

Property Details for 506 West Cheyenne Road

StatusActive
MLS #6889547
Days on Compass15
Taxes$3,524 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Mix Use
Year Built1954
Lot Size0.50 AC / 21,748 SF
CountyEl Paso County

Location

Listing Courtesy of The Rawhide Company, Douglas Barber
Add your commute

Building Information for 506 West Cheyenne Road

Stories-Residences-Year Built1954Building Size-Lot Size0.50 AC / 21,748 SF

Payment Calculator

$6,843 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$294

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 West Cheyenne Road

Summary
Location and General Information
  • School District: Cheyenne Mtn-12
Taxes and HOA Information
  • Tax Year: 2023
Virtual Tour
Property
Utilities
  • Heating: Forced Air, Natural Gas
  • Cooling: None, See Prop Desc Remarks
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Telephone
  • Water: Municipal
Interior and Exterior Features
Exterior Features
  • Alley: Gravel
  • Fence: See Prop Desc Remarks
  • Siding: Masonite Type, Stucco, Wood
Interior Features
  • Appliances: Range, Refrigerator
  • Fire Place Desc: One, Wood Burning
  • Laundry Facilites: None
Multi Family
Unit 1
  • Baths: 2
  • Beds: 4
  • Furnished: No
  • Num Garage: 2
  • Occupied: Yes
  • Rent: $1,885.00
  • Sq Ft: 2379.0
Unit 2
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $975.00
Unit 3
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $1,000.00
Unit 4
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: No
  • Rent: $900.00
Unit 5
  • Baths: 1
  • Beds: 1
  • Furnished: No
  • Num Garage: 0
  • Occupied: Yes
  • Rent: $935.00

Public Records for 506 West Cheyenne Road

Taxable ValueLand$5,990Additions$44,910Total$50,900
Tax Record2022$3,468 ($289 / 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
Broadmoor Elementary School
Public - K to 6
Cheyenne Mountain Junior High School
Public - 7 to 8
Cheyenne Mountain High School
Public - 9 to 12
The Vanguard School (Middle)
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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More information about 506 West Cheyenne Road, Colorado Springs, CO 80905

506 West Cheyenne Road is a multi-family home for sale in Colorado Springs, CO 80905. This property was listed for sale on May 4, 2024 by The Rawhide Company, it's currently listed at $1,200,000. This listing's school district is Cheyenne Mountain 12 School District. Nearby schools include Broadmoor Elementary School, Cheyenne Mountain Junior High School and Cheyenne Mountain High School. 506 West Cheyenne Road is a 0-bed, 0-bath, multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Rawhide Company, Douglas Barber

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.