611 Manitou Avenue

    Manitou Springs, CO 80829
    • $1,050,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 3249964
    UPDATED: 65 min ago
    $1,050,000
    • 12
      BEDS
    • 0.41
      ACRES
    • 11
      BATHS
    • 0
      1/2 BATHS
    • 5,950
      SQFT
    • $176
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Re/Max Real Estate Group Inc.

    Description

    This stunning and very well cared for 12 unit property sits on a large impeccably landscaped park like setting lot with a big off street parking lot, great views, walking distance to downtown Manitou Springs, Garden of the Gods, numerous trails, parks etc... Consists of six units in the main house, single cottage, duplex and a tri-plex. Updated electric, plumbing, kitchens, bathrooms, sewer lines, roof etc... Laundry Mat is very close by. There is also a separate building by Manitou Ave that is currently rented. All information is deemed reliable but not guaranteed. Buyer is responsible for verifying to include but not limited to: Square feet, zoning etc... Listing Agent is related to one of the Sellers. 11 out of the 12 units are on Month to Month leases. Monthly rents are way below market rents--Property is in great condition

    Monthly Payment Calculator



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.wisdomrealestate.com/homes/84244922

    611 Manitou Avenue Manitou Springs, CO 80829

    • Price: $1,050,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: 3249964
    12
    Beds
    11
    Baths
    0
    ½ Baths
    0.41
    Acres
    5,950
    SQFT
    $176
    $/SQFT
    1915
    Built
    Neighborhood:
    Manitou Springs
    County:
    El Paso
    Area:
    Manitou Springs
    Elementary School:
    MANITOU SPRINGS
    Middle School:
    MANITOU SPRINGS
    High School:
    MANITOU SPRINGS
    School District:
    Manitou Springs 14
    Property Description
    This stunning and very well cared for 12 unit property sits on a large impeccably landscaped park like setting lot with a big off street parking lot, great views, walking distance to downtown Manitou Springs, Garden of the Gods, numerous trails, parks etc... Consists of six units in the main house, single cottage, duplex and a tri-plex. Updated electric, plumbing, kitchens, bathrooms, sewer lines, roof etc... Laundry Mat is very close by. There is also a separate building by Manitou Ave that is currently rented. All information is deemed reliable but not guaranteed. Buyer is responsible for verifying to include but not limited to: Square feet, zoning etc... Listing Agent is related to one of the Sellers. 11 out of the 12 units are on Month to Month leases. Monthly rents are way below market rents--Property is in great condition
    Exterior Features

    Construction Materials RockStoneStuccoWood Siding Construction Methods ConcreteFrame Exterior Features BalconyCovered DeckFront PorchGarden AreaYard Parking Off-Street (11 Spaces) Parking Features Driveway-Concrete Parking Total Searchable 11 Road Surface Paved Road Roof Architectural Shingles Site Features Near Public Transit Storage Units Number Of 0 View City ViewMountain View

    Interior Features

    Basement Size None Cooling Ceiling Fan Fireplace Features Free-StandingGas/Gas Logs Flooring CarpetLaminateWood Floors Heating BaseboardWall Heater Heating Fuel ElectricGas Laundry Availability None Other HVAC Central Hot Water Per Unit Features Assigned Parking Sq Ft Above 5950 Sq Ft Finished 5950

    Property Features

    Additional Information Tenant Occupied Annual Expense Actual 26331 Annual Expense Proj 26500 Annual Income Actual 72900 Annual Income Proj 80100 Annual Net Income Actual 46569 Annual Net Income Proj 53600 Building Area Source County Records Building Type 5+ Plex (All Units) Capitalization Rate 4.50 Capitalization Rate Calculation Noi Divided By Listing Price Features Residential Management Has Hoa YN No Has Multiple Hoas YN No Listing Financing CashConventional Number Of Units Furnished 0 Number Of Units Vacant 0 Owner Paid Utilities ElectricityGasInsuranceMaintenanceTrashWater Potential Rental Income Annual 79200 Real Estate Taxes 2314 Seller Type Individual Status Conditions None Known Tax Amount 2467.00 Tax Year 2017 Transaction Type For Sale Unit Count 1 Water Annual Expense 4900 Zoning Gr



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    Wisdom Real Estate
    1740 High St
    Denver CO, 80218
    Offered by Re/Max Real Estate Group Inc.