Colorado Springs, CO 80909,311 Farragut AVE
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Colorado Springs, CO 80909,311 Farragut AVE
Colorado Springs, CO 80909,311 Farragut AVE
Colorado Springs, CO 80909,311 Farragut AVE
Colorado Springs, CO 80909,311 Farragut AVE

$705,000

Est. payment /mo

$730,000

3.4%
Est.Price: ?

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311 Farragut AVE Colorado Springs, CO 80909

8,250 Sqft Lot

SOLD DATE : 07/10/2024

Key Details

Sold Price $705,000

Property Type Multi-Family

Sub Type House W/Cottage

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 2332705

Sold Date 07/10/24

HOA Y/N No

Year Built 1952

Annual Tax Amount $1,265

Tax Year 2022

Lot Size 8,250 Sqft

Property Description

Welcome to your dream property located in the heart of Colorado Springs. This house and cottage/ADU offers the perfect blend of contemporary living and investment potential. Whether you're seeking a charming home with supplementary income or a savvy investment opportunity, this property caters to your needs. The main house features a spacious 4 bedrooms and 2 bathrooms provide ample space for comfortable living. Enjoy modern conveniences with central air and heating, ensuring year-round comfort. The main house boasts a beautifully landscaped private yard, perfect for outdoor gatherings and relaxation. Currently leased on a one-year agreement, providing immediate rental income for investors.

The Cottage/ADU is a separate 2-bedroom, 1-bathroom house, fully furnished for your convenience. Ideal for multi-generational living, accommodating guests, or generating additional rental income. Zoned R2, offering flexibility for both short-term and long-term rental options. The ADU is currently set up for short-term rental, maximizing income potential for investors. Built in 2022, the cottage showcases modern finishes and thoughtful design throughout and guests of the short term rental absolutely love it!

Situated just moments away from downtown, enjoy easy access to dining, shopping, and entertainment. Close proximity to Memorial Hospital and the Olympic Training Center makes it an ideal location for traveling professionals, and olympic athletes seeking temporary accommodation.

Whether you envision yourself living in the cottage while leasing the main house, or maximizing rental income by renting out both properties, this versatile offering presents endless possibilities. Don't miss out on this rare opportunity to own a piece of Colorado Springs thriving real estate market. Schedule your viewing today!

Location

State CO

County El Paso

Area East End Addition

Interior

Cooling Central Air

Laundry Electric Hook-up

Exterior

Garage Spaces 4.0

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composite Shingle

Building

Foundation Full Basement

Water Municipal

Structure Type Framed on Lot

Schools

School District Colorado Springs 11

Others

Special Listing Condition See Show/Agent Remarks

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Pikes Peak MLS (PPAR)
Listed by Equity Colorado Real Estate

Jim Cavoto

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+1(720) 692-6563

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