506 W CHEYENNE RD COLORADO SPRINGS, CO 80906

Features

• Lot Size: 0.4993 acres
• Total Units: 1
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bathroom 2
• Stories: 100
• Roof Type: GABLE
• Heating: Fireplace,Forced Air
• Construction Type: Frame
• Exterior Walls: Wood Siding

Facts

• Year Built: 01/01/1954
• Property ID: 881123205
• MLS Number: 6889547
• Parcel Number: 74251-17-029
• Property Type: Single Family Home
• County: El Paso
• Legal Description: WLY 80.0 FT OF LOT 7 BLK 2 FENMOOR SUB, NLY 65.0 FT, ELY 8.0 FT OF SLY 175.0 FT OF LOT 15 BLK 2 LORAINE
• Zoning: R1-6 R2
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.