516 W Boulder Street, Colorado Springs, CO 80905 - Photo 1

1/1

$294,000

Sold
Closed
Single Family
4 Beds
2 Full Baths
2,015 Sq. Ft.

1/1

Property Description

No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.

Full Property Details

Full Property Details for 516 W Boulder St

General

Sold For: $294,000
Taxes: $699 (2021)
Status: Closed
Type: Single Family
Source: MetroList_Colorado
MLS ID: 6033330
Added to Site: 1, 220 day(s) ago

Interior

Appliances: Dryer, Microwave, Oven, Range, Refrigerator, Washer
Flooring: Carpet, Wood

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2
Main Floor Baths: 2
Bathroom 1: Bathroom (Full), Main
Bathroom 2: Bathroom (Full), Main

Bedrooms

Total Bedrooms: 4
Bedrooms Main: 4
Bedroom 1: Main
Bedroom 2: Main
Bedroom 3: Main
Bedroom 4: Main

Other Rooms

Living Room: 12.00 x 12.00, Main
Kitchen: 8.00 x 8.00, Main
Dining Room: 12.00 x 12.00, Main

Parking

Total Spaces: 2

Location

County: El Paso
Subdivision: Sherman

School Information

Elem School District: Colorado Springs 11
Midd School District: Colorado Springs 11
High School District: Colorado Springs 11
Elementary School: Bristol
Middle School: Holmes
High School: Coronado

Community

Pets Allowed: Yes

Heating & Cooling

Heating Type: Forced Air

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Structure Type: House
Construction: Frame
Basement: Yes
Basement Desc.: Partial
Roof: Composition
Square Feet: 2,015
Sq. Ft. Source: Public Records
Living Area: 1,608 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size (Acres): 0.1
Lot Size (Sq. Ft.): 4,400
Zoning: R2

Financial Considerations

Tax Amount: $699
Tax Year: 2021
Terms: Cash, Conventional, VA Loan

Disclosures and Reports

Ownership: Individual
Legal Description: S 10 FT OF W 40 FT OF E 80 FT OF LOT 9, W 40 FT OF E 80 FT OF LOTS 10, 11 BLK 4 SHERMAN ADD COLO SPGS
Exclusions: Tenant's personal items
Property ID: 74124-22-022

Listed by Wish Property Group Inc
Sold by Non Mls Participant

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— 516 W Boulder St —

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Schools

Schools serving 516 W Boulder St

School District:Colorado Springs School District 11

Name	Grades	Distance
Bristol Elementary School 890 North Walnut Street, Colorado Springs, CO 80905	PK-5	0.5 mi
Holmes Middle School 2455 Mesa Road, Colorado Springs, CO 80904	6-8	2.2 mi
Coronado High School 1590 West Fillmore Street, Colorado Springs, CO 80904	9-12	2.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

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Active
Updated 6 days ago

4
Beds
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Total Baths
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Sq. Ft.
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Updated 3 days ago

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Beds
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Total Baths
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5
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Total Baths
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5
Beds
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2
Beds
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Total Baths
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516 W Boulder Street, Colorado Springs, CO 80905 (MLS# 6033330) is a Single Family property that was sold at $294,000 on February 16, 2023. Want to learn more about 516 W Boulder Street? Do you have questions about finding other Single Family real estate for sale in Colorado Springs? You can browse all Colorado Springs real estate or contact a Coldwell Banker agent to request more information.

516 W Boulder St Colorado Springs, CO 80905