Skip To Content

502 Cheyenne Avenue

Simla, CO 80835
  • $380,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: 6729251
UPDATED: 19 min ago
$380,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:
Area:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Equity Colorado Real Estate: Equity Colorado Real Estate.

Description

Income producing multi-family and storage facility. Consisting of 1- 2 story stick built home with a detached 2 car garage and 4 single wide mobile homes plus a 12 unit storage building. Rent rolls available upon request. Still a great cash flowing property even at today's interest rates! 3 of the 12 storage units are currently rented. Rent could stand to be increased on some units. Long term tenants all up to date on payments. Tenants pay for all utilities. Only expense to owner is propane tank rent, insurance and taxes. Upgrades to homes include all pex water lines throughout, new furnaces- some replaced as early as 2017 and as late as 2022. Each property has its own propane tank and are all metered separately for power, water and sewer. Each tenant is responsible for their own lawn maintenance and snow removal. Current leases are in place.

Monthly Payment Calculator



Pikes Peak Multiple Listing Service logo CC Signature Group | Coldwell Banker Residential Brokerage Global Luxury- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2023-01-30T23:40:51.89.
www.ccsignaturegroup.com/homes/135687000
Print Image

502 Cheyenne Avenue Simla, CO 80835

  • Price: $380,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 19 min ago
  • ID#: 6729251
0
Beds
0
Baths
0
½ Baths
0.78
Acres
1945
Built
Neighborhood:
Simla Original
County:
Elbert
Area:
Simla
School District:
Big Sandy-100J
Property Description
Income producing multi-family and storage facility. Consisting of 1- 2 story stick built home with a detached 2 car garage and 4 single wide mobile homes plus a 12 unit storage building. Rent rolls available upon request. Still a great cash flowing property even at today's interest rates! 3 of the 12 storage units are currently rented. Rent could stand to be increased on some units. Long term tenants all up to date on payments. Tenants pay for all utilities. Only expense to owner is propane tank rent, insurance and taxes. Upgrades to homes include all pex water lines throughout, new furnaces- some replaced as early as 2017 and as late as 2022. Each property has its own propane tank and are all metered separately for power, water and sewer. Each tenant is responsible for their own lawn maintenance and snow removal. Current leases are in place.
Exterior Features

Fence See Prop Desc Remarks Foundation Details Post And Pier Lot Size 0.7750 Lot Size Units Acres Parking Spaces Number Of 10 Structure Framed On LotSingle Wide

Interior Features

Appliances 220V in KitchenDishwasherDryerKitchen Vent FanRange OvenRefrigeratorWasher Cooling Ceiling Fan(S) Fireplace Description Wood Heating ElectricPropaneSee Prop Desc Remarks Laundry Facilities Electric Hook-Up Unit Total Baths 8 Unit Total Beds 14

Property Features

Earnest Money 5000 Income Property Sub Type Mix Use Notices Broker OwnedEstablished Rental HistoryLead Base Paint Discl ReqSold As Is Tax Amount 591.92 Tax Year 2022 Unit Count 5 Utilities ElectricityPropaneTelephone Water Assoc/Distr



Pikes Peak Multiple Listing Service logo CC Signature Group | Coldwell Banker Residential Brokerage Global Luxury- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2023-01-30T23:40:51.89.
 
https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_1_6729251-2.jpg https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_1_6729251-2.jpg https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_1_6729251-2.jpg
Logo
CC Signature Group | Coldwell Banker Residential Brokerage Global Luxury
2075 Research Parkway Ste B
Colorado Springs CO, 80920
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Equity Colorado Real Estate: Equity Colorado Real Estate.