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Denise Olson

deniseolson@cheyennehomes.com +1(307) 222-8301

Listed by Andrew Perkett Better Homes and Gardens Real Estate Kenney & Company

$ 399,000

Est. payment -/mo

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Active

720 S Prospect Street Colorado Springs, CO 80903

7,697 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 9158622

Construction Status Existing

Year Built 1948

Annual Tax Amount $1,245

Tax Year 2025

Lot Size 7,697 Sqft

Acres 0.1767

Property Sub-Type Duplex

Source Pikes Peak REALTOR® Services

Property Description

Exceptional investment or house-hacking opportunity just 5 minutes from Downtown Colorado Springs! This versatile property is fully updated and configured for dual-living flexibility, featuring completely separate entrances for both the main level and lower level. The bright main level offers 2 bedrooms and 1 full bathroom with modern interior finishes. Greeted right away with the central living space, and views of the mountains directly through the window. The kitchen boast beautiful updates and both bedrooms serve as their own retreat in the unit with a full bath between. The lower level features an independent 1 bedroom, 1 full bathroom unit ideal for rental income or multi-generational living. Major capital improvements provide complete peace of mind, including a new roof installed last year, a newly relined sewer line, and all HVAC systems under 5 years old. All furniture is negotiable! Situated on a generous lot with plenty of outdoor space and quick access to downtown dining, shopping, and major corridors, this turn-key property is ready for an investor seeking strong cash flow or an owner-occupant looking for a property with options! Between location, beautiful updates, and peace of mind, this property has it all!

Location

State CO

County El Paso

Rooms

Basement Full Basement, Walk Out

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Type None

Furnishings Existing

Appliance Dishwasher, Disposal, Dryer, Microwave Oven, Range, Refrigerator, Washer

Laundry Electric Hook-up

Exterior

Fence Rear

Utilities Available Electricity Connected, Natural Gas Connected

Building

Sewer Sewer

Water Municipal

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Tax ID 6420205028

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA