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15
Photos
2925 N Tejon Street, Colorado Springs, CO 80907
$625,000 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
2
baths
1,661
sqft
Built in
1914
This property offers both an investment opportunity and the potential for personal living! Prepare to be impressed by the incredible income this property generates. Situated in a prime and up-and-coming location in COS, with the Nevada overlay with the city, this property holds significant value. Built in 1916 and restored, this gem is an original home in Colorado Springs.The front of the property features a charming residential home with 2 bedrooms, an office space, and a fully updated bathroom.Unfinished basement area.This overlay allows for multiple types of builds and expansions. Furnished as a mid-term rental, the furniture and decor can be negotiated if you wish to continue renting it furnished for mid-term stays.Fencing offers privacy and security. The house features a spacious driveway and a garage, which, with some work, can potentially be converted into an accessory dwelling unit (ADU). This presents an exciting opportunity for additional living space. Furthermore, with the Nevada overlay, the garage could be torn down to make way for a two-story unit, providing even more possibilities for development.The hidden treasure lies in the nearly 2000 sq ft shop located at the back of the lot, accessible through the alley. Currently rented, the shop presents an immediate income opportunity. It has been updated, with repairs made to the roof and new siding. The shop features heating, and a finished bathroom with a water heater, ensuring comfort and convenience. The additional parking space adds to the property's practicality. This property presents an opportunity for investors and those seeking a unique place to call home. With its prime location, restoration, potential for additional units, and income-generating capabilities, it is an opportunity not to be missed. Seize the moment and explore the possibilities this property has to offer!
Features & Amenities
Interior
- Appliances:
- Dishwasher,Oven,Refrigerator
- Laundry:
- Main
- Flooring:
- Carpet,Wood Laminate
- A/C:
- Ceiling Fan(s),Central Air
- Heating:
- Forced Air
- Fireplace:
- None
Exterior
- Style:
- Ranch
- Other Structures:
- Shop
Construction
- Roofing:
- Composite Shingle
- General:
- Other, Ranch, Partial Basement
Location
- HOA Amenities:
- 0.0, Not Applicable
- School District:
- Colorado Springs 11
- County:
- El Paso
Lot
- Fencing:
- Rear
Utilities
- Utilities:
- Cable Available,Electricity Connected
- Water:
- Municipal
This listing courtesy of:
Twin Peaks Realty, Kayla Hepner
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Colorado Springs, CO
Housing
- Number of Units
- 261,010
- Median Home Value
- $320,371
- Median Rent
- $1,128
38.15% of housing units are renter occupied.
4.79% are vacant.
Commute
- Car
-
65.07%
- Public Transportation
-
0.55%
- Walk to Work
-
1.30%
- Work from Home
-
32.17%
- Other
-
0.52%
The median travel time to work is 17 minutes.
People
- Population
- 618,741
- Median Age
- 35.20
- Median Household Size
- 2.77
Education
- High School
-
20.31%
- Associate’s Degree
-
11.24%
- Bachelor’s Degree
-
24.43%
- Graduate Degree
-
15.25%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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